Apple iPhone sell-through up roughly 1% in June, says UBS

UBS reported that preliminary June sell-through data provided by Counterpoint indicates that the Apple’s iPhone unit sell-through was up roughly 1% last month, which compares to global smartphone growth of about 4%. For the June quarter, preliminary data indicate iPhone unit sell-through was 45M units, or down 1% year-over-year, compared to 6% growth for the market, according to the analyst, who keeps a Neutral rating and $190 price target on Apple shares.