Analyst has a $200 price target for Apple’s shares
During April, overall smartphone shipments in China declined 26% on a sequential basis. Following the trend, iPhone shipments in China declined 16% from March to April. In previous years, shipments of iPhone models during that same time period tended to rise by as much as 27%. Even with the decline, international phone shipments in China made up 9% of the smartphone market in the country. While that was down from 11% in March, it was still ahead of the 8% historical average.