Apple Seeing Surging China iPhone Demand, Analyst Says

Text size Apple is seeing huge demand for iPhones in China, a positive sign as the company heads into the expected launch of a new version of its flagship product sometime in September. In a research note, Morgan Stanley analyst Katy Huberty writes that based on disclosures from China's Academy for Information and Communications Technology, she estimates Apple's (ticker: AAPL) iPhone shipments in China in July were up 79% on a year-over-year basis, while China's own handset vendors saw just a 27% increase over the same period. She also estimates that Apple grew its share of the installed base of…