1.7 million international phone shipments were made in China in the month of April 2022, according to the latest data from the China’s Academy of Information and Communications Technology. The total number of phones delivered was 45% lower than the historical average, but most of those deliveries were the iPhone models.

An analyst has a price target on Apple’s shares.

On a sequential basis, the overall shipments of smartphones in China declined in April. In China, the shipments of the iPhone declined from March toApril. In previous years, shipments of iPhone models increased by as much as 27% International phone shipments in China made up 9% of the market in the country despite the decline. It was still ahead of the historical average despite the decrease from March.

In China, international phone shipments have made up 19.2% of the sales of phones. That is up from the 15.8% that came from international shipments.

Chatterjee has a 12-month target price of $200 for Apple, which he calculated by adding his fiscal 2023 earnings estimate of $6.73 a share by a price- earnings multiplier of 30. The stock was 34% away from the analyst’s target price.