Apple was one of the top three Smartphones during Pinduoduo's annual online Chinese Carnival Festival
The Motely Fool reported days ago that new data from the China Academy of Information and Communications Technology on iPhone sales in China during December suggests that iPhone revenue could be picking back up in the important market during fiscal 2020. With iPhone being Apple's biggest segment, this would bode well for the company's overall performance in its Greater China market. The data from the China Academy of information and Communications Technology stated that iPhone sales for December were up 18% over last year.
Today there was a report from China's TechWeb about Pinduoduo, a Chinese based e-commerce platform allowing users to participate in group buying deals. The person in charge of the multi-year Carnival Festival in China announced their data from 00:00 on December 20th to 24:00 on January 15th, the overall order increased by 260% year-on-year. They reported that Apple, Huawei, and Xiaomi ranked among the top three smartphones during the Carnival Festival.
It's another sign of Apple's bounce back in China from a year ago period. Apple announces their latest financials on January 28, 2020 at 2:00 p.m. PT / 5:00 p.m. ET.