Why iPhone Sales are Exploding Right Now

While every other phone maker is panicking over skyrocketing costs, Apple just pulled off a massive miracle. In what is usually the slowest quarter of the year, iPhone sales absolutely exploded. Apple captured a record 20% of the global market while the rest of the industry shrank. How did they do it? They refused to raise iPhone prices, even though memory chip costs are through the roof. Over in China, iPhone shipments jumped by a staggering 24%. Android brands raised their prices to survive, but Apple held the line. Now, rumors of a price hike for the next iPhone are forcing hesitant buyers to rush to stores. It is a masterclass in playing the long game. Are you buying now, or gambling on next year’s prices?