Apple's China fortunes rise, despite sagging market share
A cheaper iPhone? A deal with China Mobile? Despite having neither of the two, Apple reported strong earnings in the Chinese market in its fiscal first quarter, with revenue buoyed by triple digit growth in iPhone sales.
The company’s revenue for the Greater China region, which includes Hong Kong and Taiwan, grew 67 percent year-over-year, Apple said in its financial results on Wednesday. A high point in the robust earnings was the “exceptional growth” in iPhone sales in the region, which more than doubled from the same period last year, according to CEO Tim Cook in an earnings call.
The U.S. tech giant is paying increasing attention to China, with Cook stating earlier this month he expected the country to one day become its largest market.
Apple CEO Tim Cook on a 2012 visit to ChinaTo read this article in full or to leave a comment, please click here
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