China’s demand for 5G iPhone 12 Pro strong as Huawei faces chip supply issues, analyst Kuo Ming-chi says
- The iPhone 12’s launch initially drew derision on Chinese social media, but that did not stop millions from signing up to buy it
- China is estimated to account for 35 to 45 per cent of the global demand for iPhone 12 Pro, veteran Apple analyst Kuo Ming-chi says
China is estimated to account for 35 to 45 per cent of the global demand for the iPhone 12 Pro, Kuo wrote in the report released on Monday, adding that consumers worldwide snapped up seven to nine million pre-orders of the iPhone 12 and iPhone 12 Pro combined in the first weekend of sales.
“The iPhone 12 Pro pre-order performance beat our expectation due to the initial preference for high-end models by Apple fans, strong demand in China, and the upcoming peak seasonal demand from the US and Europe markets,” Kuo, who is known for his accurate predictions about Apple’s product development plans.
A separate IDC report last week said Apple is expected to grow its market share in the premium smartphone segment in China with the launch of the iPhone 12 series. The tech giant’s 4G phones accounted for 44 per cent of the market in the first half of 2020, slightly behind Huawei’s share of 44.1 per cent, according to IDC data.
Millions of Chinese sign on for iPhone 12 despite no charger
Sales of the two models reached an estimated 1.7 to 2 million units within the first 24 hours of pre-orders opening, higher than the 500,000 to 800,000 units of the three iPhone 11 models that were sold in the same period after pre-orders opened in September last year.
However, Kuo said in the report that he did not expect sales for the two remaining models in the iPhone 12 series, the Pro Max and iPhone 12 mini, to match the warm welcome of the first two models when they launch on November 6.
The smaller iPhone 12 mini is likely to see lower demand in China due to its small display and lack of dual SIM support, he said.