Apple's iPhone 16 has shown strong performance in China, surpassing its predecessor and exceeding sales expectations, especially for the Pro and Pro Max models. Key factors include a smooth production ramp-up,

This morning's report that iPhone 16 sales rose 20% year-over-year in the first three weeks in China suggests a "renaissance of growth has begun" for Apple (NASDAQ:AAPL), Wedbush Securities said. Shares rose 1.