Apple's iPhone sales topped China in May, global sales rose 15% YoY, driven by China and the U.S., aided by price cuts and discounts.

• Counterpoint data shows Q2 growth driven by U.S. and China markets, with swings in performance tied to these regions.
• China's foreign phone shipments rose slightly to 3.52 million in April, as Apple faces competition from domestic rivals.
• Apple offered up to 2,530 yuan discounts on iPhone 16 models in May to stay competitive in China.