Apple iPhone 14 demand keeps increasing ​in China among retailers, scalpers, analyst says
NguyenDucQuang


Despite the fact it isn't even out yet, the demand for Apple's (NASDAQ:AAPL) iPhone 14 is "continuing to increase" among distributors, retailers and scalpers, according to an influential analyst.
TF International Securities analyst Ming-Chi Kuo tweeted on Thursday that he spoke to the three groups again and all said they felt there was the potential demand to increase.

"A possible explanation is that Apple almost dominates the entire Chinese high-end smartphone market after Huawei quit the 5G smartphone market, which also means that the number of potential high-end iPhone users has increased in the Chinese market," Kuo added.
Apple (AAPL) shares gained nearly 1% to $146.82 following the tweet.
On Wednesday, it was reported that Apple (AAPL) iPhone sales have remained strong in China in July, despite signs of weaker demand for smartphones as a whole.
Bank of America recently said the fact that Apple (AAPL) had lowered the trade-in prices for the iPhone, iPad, Apple Watch, Mac earlier this month implies "strong demand."