News Snapshot:
Apple's smartphone shipments in China jumped sharply in the second quarter, even as the country faced Covid-related lockdowns in major cities, according to a new report. In the second quarter, Apple shipped 9.9 million iPhones in China — up 25% year-on-year, market research firm Canalys said in a report published Friday. UBS analysts also said that Apple likely saw almost 25% year-on-year growth in iPhone shipments in China in the second quarter of 2022, in a note published earlier this month. In China, the Cupertino giant held up relatively well in the April to June period despite a 10% slump...
