Apple CEO Tim Cook Takes a Victory Lap as China Revenue Rockets on Strength of iPhone X
Apple posted some of its strongest growth during the March quarter in one of its toughest geographic regions.
Apple posted some of its strongest growth during the March quarter in one of its toughest geographic regions.
In the second quarter of this year, Huawei held a 11.3 percent market share, shipping 38.5 million units, IDC data show. Apple meanwhile shipped 41 million iPhones and had a 12 percent market share in the same period.
In China tomorrow (March 24) Apple will launch the crimson-hued iPhone 7 and 7plus devices in partnership with (RED), an AIDS-relief charity it has promoted and supported for over a decade.
Apple’s fiscal first quarter results showed a bit of stabilization in China and “record revenues” in India, according to CEO Tim Cook, but the U.S. technology giant still faces challenges in these emerging but increasingly “critical” markets.
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Revenue from Greater China fell $4.3 billion, but iPhone sales in India picked up.
Apple stands to gain sales in China more than any other market from the cheaper offering thanks to the country’s huge number of low- and middle-income smartphone users. But in China the new iPhone quite frankly won’t be all that cheap....
Apple has said sales in China more than doubled in 2010 and 2011 though growth has slowed in the past year.