Apple Inc. is scheduled to report earnings today after the market close, with analysts expecting a 16% fall in iPhone shipments vs. a year earlier, according to the Financial Times. This is supported by Panjiva data, which shows total Chinese smartphone shipments to the U.S. by all manufacturers dropped 13.6% vs. a year earlier for April and May combined. Chinese exports to the U.S. are also lagging those of South Korea and Vietnam – Samsung Electronics’ main production centers.
Source: Panjiva, a BIIA member