Apple's China Footprint...In 10 Charts

Apple Inc. AAPL shares are down 0.5 percent on Thursday morning, and while the market may be focused on a text message bug, there's another story brewing on Wall Street.

UBS analysts Steven Milunovich and Peter Christiansen just issued a massive note on Apple in China.

The country is the primary "driver" of growth at the tech giant, UBS said. So much so, in the firm's eyes, that it holds a 12-month Buy rating on Apple with a $150 price target.

Related Link: UBS Survey: Why Apple Is Winning China

Check out seven graphics UBS compiled in the Apple report:

ubs1.png

Tier 1 Cities Make Up The Majority Of Apple Store Distribution In China

ubs2.png

iPhone Sales In China Are Becoming More Important To Apple

ubs3.png

Premium Smartphone Share Is Growing At A Time When Competitors Are Shrinking Or Stagnant

ubs4.png

Total Market Smartphone Share Is Also Growing

ubs5.png

Market Share Is Expanding No Matter How One Looks At It

ubs6.png

ubs7.png

The iPhone Sells At Multiple Income Levels

ubs8.png

The Apple Brand Is Trusted

ubs9.png

And Users Are Committed

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorLong IdeasEmerging MarketsTop StoriesMarketsAnalyst RatingsTechTrading IdeasApple China footprintApple China salesApple In ChinaApple UBSPeter ChristiansenSteven Milunovich
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!