The global smartphone market may be in the toilet, but the iPhone 13 continues to sell well, and Apple expects the upcoming iPhone 14 to do even better, according to Reuters.
The tech giant’s slightly higher expectations for the its next gen smartphone — which should debut in September’s or October — to underscore a growing belief among Wall Street analysts that the Apple’s sales are likely to hold up better than the broader smartphone industry if major economies enter a recession, the article adds.
Two iPhone supply chain sources told Reuters that iPhone sales have continued to do well in July despite signs of cooling market demand for other smartphone makers.
“Others are starting to take a hit,” one of the sources said. The second source said July shipments for the iPhone 13 from one factory were a third higher than July last year.
“Judging by shipment, sales of iPhone 13 are fairly good,” the second source said.
