Apple Continues to See Significant Growth in Greater China

Discussion in 'Mac Blog Discussion' started by MacRumors, Apr 23, 2013.

  1. macrumors bot

    MacRumors

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    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.

    [​IMG]
    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.
    China has become an increasingly important market for Apple. Earlier this year, Tim Cook visited China where he met with both government officials and representatives from China Mobile to discuss Apple's growth in the country.

    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
     
  2. SJism23, Apr 24, 2013
    Last edited: Apr 24, 2013

    macrumors 6502a

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    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.
     
  3. macrumors 6502a

    SmileyBlast!

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    I'm sure :apple: will persevere. It's too big a market to ignore. The Chinese people deserve the best phone! :) It would be sad to build them but not be able to buy them (barring economics).
     

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