Morgan Stanley: Chinese like iPhone but not enthusiastic about App Store

Morgan Stanley pointed out in the report that in May 2022, iPhone sales in China increased by 14% year-on-year, but the App Store did not grow much in the Chinese market… The report said that in May, the iPhone growth rate exceeded 14%, The rapid growth rate is mainly caused by the unblocking of the epidemic. The iPhone’s IB (Introducing Broker) market share in China has grown for 21 consecutive months… In contrast, the App Store is estimated to have only increased by 1% today in June, while Global growth of the App Store in May 2022 is about 6%.
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