Katy Huberty, a bull, said the “share of installed base” for the iPhone in China in July, the first time since last autumn, was “largely the result of the great success of the iPhone 11.” < p > < p > Huberty said the data showed that the number of iPhones with more than two years of age in China had “set a record”, laying the foundation for a “potential strong upgrade cycle” after the autumn release of 5g iPhones. The “major” upgrade cycle is “the strongest in at least four years” and iPhone shipments are expected to “significantly accelerate in fy21.”. < p > < p > evercore analyst Amit daryanani said last week that China’s smartphone sales fell year-on-year in July, but expected apple to “moderately outperform the market.”. Since the outbreak of Xinguan epidemic, China’s smart phone market has greatly improved. < p > < p > Apple’s stock price is now at $467.65, up 1.17%. Its market value once hit $2 trillion, becoming the first U.S. company with a market value exceeding $2 trillion.