Apple iPhone sales have remained strong even as smartphone market cools: report
Remains

Apple (NASDAQ:AAPL) iPhone sales have remained strong in July despite signs of weaker demand for smartphones as a whole, Reuters reported.
The news outlet, citing two iPhone supply chain sources with direct knowledge of the matter, noted that while China has seen a slowdown in its smartphone market, Apple (AAPL) has largely held up in the world's most populous country. 
One of the sources added that July shipments for the iPhone 13 from one factory were one-third higher than the same time last year, with the source adding that "sales of iPhone 13 are fairly good."
Last quarter, Apple (AAPL) warned that revenue could be impacted by as much as $8B due to a number of factors, including the China Covid-related lockdowns, but strong expectations for the iPhone 13 and upcoming iPhone 14 suggest that the impact may be somewhat mitigated.
Apple (AAPL) is set to report fiscal third-quarter results on July 28 and a consensus of analysts estimates the company will earn $1.15 per share on $82.74B in revenue.
On Tuesday, Bank of America 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."