|Apr 23, 2013, 04:27 PM||#1|
Apple Continues to See Significant Growth in Greater China
During today's second quarter earnings release, Apple revealed that it continues to see high revenue growth in China, with an increase to $8.2 billion or 8 percent year-over year with Apple's Chinese retail stores included. Greater China (without the retail stores included) represented 18.8% of Apple's total overall revenue, down slightly from 19.5% in the same quarter last year.
According to Apple CFO Peter Oppenheimer, iPad sales more than doubled year-over-year in Greater China, and Apple is delighted with the adoption rate of the iPad in emerging countries.
When asked about China's single digit growth and the fact that Apple is not China's largest carrier, Cook reiterated that Apple saw significant growth during Q2.
Apple currently operates 11 stores in the Greater China area with plans to double the number of locations over the next two years.
The above quote is from a rough transcript of the earnings call
Article Link: Apple Continues to See Significant Growth in Greater China
|Apr 24, 2013, 05:26 PM||#2|
China seems like a difficult market to cater to. Dealing with counterfeiters, a demanding government, and Android's already strong adoption rate are big challenges for Apple, especially with their expensive iPhone that also happens to be incompatible with the biggest cellular provider there.
15" MacBook Pro (early 2011), 2.0 GHz i7, 16 GB RAM; iPad 4, 32 GB; iPhone 5s, 32 GB
Last edited by SJism23; Apr 25, 2013 at 12:46 AM. Reason: Grammatical
|Apr 24, 2013, 10:20 PM||#3|
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