Thu Jan 30 22:20:00 UTC 2025: ## Apple Stock Jumps on Report of China iPhone Sales Lead
**CUPERTINO, CA –** Apple (AAPL) stock surged 4% today following a report from the International Data Corporation (IDC) that placed the iPhone as the top-selling smartphone in China during the last quarter. This news comes as a surprise following a report earlier this month from Counterpoint Research which ranked Apple third in the Chinese smartphone market for the same period.
IDC’s data shows Apple capturing 17.4% of the Chinese market share in Q4, narrowly edging out Huawei’s 17.2%. While a victory for Apple, this represents a significant drop from its 20% market share in Q4 2023 and a further decline from its 17.4% share for the entirety of 2023. Counterpoint, meanwhile, pegged Apple’s Q4 market share at 17.1%, placing them third. Counterpoint also noted an 18.2% year-over-year decline in Apple device shipments to China.
Despite the conflicting reports and the overall decline in market share, the IDC report boosted investor confidence, driving up AAPL’s stock price. However, the article notes that while Apple shows potential, some analysts believe AI stocks offer greater potential for quicker returns.
First Piper 