FFR, you are a titan of Apple market metrics. Many thanks for posting all the great information.(I probably should have put an /s after my sarcastic comment on the title of the article).
The one item I’d note is even at Apple earnings reports, Tim/Luca continue to be overtly non committal about the sales/earnings forecasts. I interpret that to mean over achieving, under achieving or just hitting Wall Street forecasts still contains too much uncertainty.
The hard metrics say big city population centers in China are skewing more and more toward IPhone. (Assuming no geopolitical craziness) Even if the economic downturn causes Apple’s business to be underwhelming in the next quarter or two, Apple’s Chinese business overall is booming with definite indicators suggesting it will continue. And it isn’t just China. Apple overall is on a multi year ‘absolutely killing it’. 1) their main product offerings are all extremely close to or are industry best (M series chip for Mac was needed). 2) Their many many year effort to keep their product offerings narrowly focused sets them miles apart from others. 3) all of it solidifies their name brand (and products) even more as a gold standard. Bad, middling or good upcoming quarter in China, what Apple has done over the past couple years is likely historically singular. I don’t see anything to suggest Apple won’t continue this (right now only off track bad executive decision making can derail it imho).