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Apple Defies China Slump With 23% iPhone Sales Jump in Early 2026

Apple is holding prices to seize share during a memory-chip cost surge.

Overview

  • Counterpoint reports China’s smartphone market fell about 4% in the first nine weeks of 2026 as iPhone sales rose 23%.
  • Apple’s gains were fueled by aggressive e-commerce discounts and state subsidies on the base iPhone 17.
  • Analysts say Apple is keeping list prices steady and absorbing higher component costs to broaden market share.
  • OPPO and vivo have raised prices on select models in March to offset rising memory expenses and test consumer response.
  • The memory-price squeeze tied to AI-driven demand is expected to persist through 2026, with limited relief likely around June’s 618 promotions as Huawei’s domestic sourcing positions it to grow in low-to-mid tiers.