Apple (NASDAQ:AAPL) has continued to witness good sales of its iPhone 13 series as the company introduces the next edition of the famous gadget. Triple-digit growth of its high-end devices in China is one example of the success of Apple’s high-end products.
According to findings from Counterpoint Research, Apple (AAPL) experienced a year-over-year gain of 147% in the smartphone market segment, including devices priced at $1,000 or more. This segment accounts for 46% of the total market.
Additionally, Samsung (OTCPK:SSNLF) experienced robust growth in the second quarter, expanding its revenue by 133% year-over-year.
Both brands, according to an analyst from Counterpoint Research named Mengmeng Zhang, “benefited from Huawei’s downturn and the shift in purchase trends towards luxury phones in China.”
The opening price for Apple (AAPL) shares on Wednesday was $166.68, representing a slight decrease from the previous day.
Separately on Wednesday, the research firm Susquehanna observed that the technology company is ahead of schedule with its plans for the iPhone 13 at this point in time due to “continuing market share gains.”
Analyst Mehdi Hosseini from Susquehanna stated that he believes Apple (AAPL) has increased its plans for the December quarter and the second half of the year to 100 million units, an increase from the previous 88 million units.
Hosseini said that several Chinese companies that supply Apple, such as VOX Group, have witnessed an uptick in their construction plans.
In addition, Hosseini stated that Apple (AAPL) partners are projected to manufacture 52 million iPhones during the September quarter, an increase of 12% from the previous quarter and 8% from the previous year. The iPhone 13 continues to show robust demand, with estimates of 23.5 million builds, an increase from a previous estimate of 21.5 million. This increase is partly attributable to more excellent builds for the iPhone 13 Pro and the iPhone 13 Pro Max.
It was reported last week that Apple (AAPL) would present its iPhone 14 lineup during an event on September 7, and the rumor was confirmed this week.
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Author Shariq Khan 
