- David Einhorn took some Apple (AAPL -0.4%) profits in Q2: Greenlight Capital owned 9.4M Apple shares at the end of June, down from a split-adjusted 14M at the end of March.
- On the other hand, Leon Cooperman's Omega Advisors bought 1.3M shares during the quarter; Cooperman had bailed out of Apple in Q3 of last year. Adjusted for the split, Carl Icahn's position is roughly steady at 52.8M shares.
- IDC estimates the iPhone accounted for 11.7% of Q2 smartphone units, down from 13% a year ago. Android's (NASDAQ:GOOG) share rose to 84.7% from 79.6%, and industry shipments grew an estimated 25.3% (down slightly from Q1's 28.6%) to 301.3M.
- At the same time, IDC notes over 80% of iPhone shipments ($561 Q2 ASP) involved a $400+ unsubsidized price, with the remainder in the $200-$400 range. Nearly 60% of Android shipments involved sub-$200 phones, with the remainder split almost evenly between $200-$400 and $400+ devices.
- Following government pressure, China Mobile has cut its 2014 phone subsidy budget to $3.4B from a prior $5.5B. With the carrier having spent $2.5B on subsidies in 1H14, its fall iPhone 6 subsidies will likely be light.
- Meanwhile, Apple has begun storing some of its iCloud data for Chinese users on local servers provided by China Telecom (CHA -0.3%). Apple insists the move, which comes amid ongoing NSA-related tensions, was partly made to improve local iCloud performance/reliability.