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Apple's China Footprint...In 10 Charts

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Apple's China Footprint...In 10 Charts
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Apple Inc. (NASDAQ: 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.

UBS Survey: Why Apple Is Winning China

Check out 10 graphics UBS compiled in the Apple report.

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Tier 1 cities make up the majority of Apple store distribution in China.

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iPhone sales in China are becoming more important to the tech giant.

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Premium smartphone share is growing at a time when competitors are shrinking or stagnant.

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Total smartphone share is also healthy.

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Market share is expanding no matter how you look at it.

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The iPhone sells at multiple income levels in China.

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The brand is trusted.

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And users are committed.

Latest Ratings for AAPL

DateFirmActionFromTo
Feb 2018Raymond JamesReinstatesMarket Perform
Feb 2018Goldman SachsInitiates Coverage OnNeutral
Feb 2018Hilliard LyonsUpgradesLong-Term BuyBuy

View More Analyst Ratings for AAPL
View the Latest Analyst Ratings

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