Almost every company makes mobile in China. According to last numbers shipments of smartphones in China fell 16% in June compared with a year earlier. Phone makers shipped 27.7 million handsets in June, down from 32.7 million in June 2019. According to numbers we suggest that handset demand in China remains weak despite the country's recovery from the coronavirus pandemic, but still weak for Apple Inc. and its local rivals like Huawei Technologies Co Ltd.

Source: Investing.com

Besides declining of smartphones’s shipment, stocks of Apple Inc. reached new highs as we can see in the graph.

The decline was recorded in May, when shipments dropped approximately 10% annually, from 36.4 million in May 2019 to 32.6 million one year later. In April, after a slump in the previous months due to the health crisis, CAICT reported that smartphone shipments grew an unexpected 17% per cent annually.

On the other side, jump suggested the potential for a rebound in China's smartphone brands thanks to the fact, that China is one of the few countries where retail outlets have re-opened almost fully after a lockdown period as COVID-19 spread.