There’s no question that Apple’s strong performance was the chief reasons its stock had its leg up from $70 to $134 over the past eighteen months. However, measured at 420 million smartphone units in 2014, the overall smartphone market is actual slowing in 2015 and the iPhone 6 has lost momentum in Q2 compared to Q1. Given the high price tag and the economic turmoil in both the physical Chinese economy and Chinese stock markets, I’m skeptical Apple can maintain its gross margins and unit growth trajectory in China..

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