Apple’s sales in China are set go even higher as iPhone sales for the first quarter of the year are quadruple more the numbers of same period of last year. The sales of Apple’s MacBook have also grown by 60 percent since the time the company entered China. The preference of Chinese consumers for major brands and the increasing respect that Apple has shown China for its massive market potential have shored up the success of the company in the country …
The company’s sales in the first quarter tripled that of the same period last year. Apple has so far made US$12.4 billion in China this year, nearly approaching the whole revenue of the company’s last financial year at US$13.3 billion. The revenue of Apple in China now accounts for 20 percent of its total global revenue from just 2 percent in 2009. It will not be surprised to reach up 40 percent within the next few year. The high-profile visit of CEO Tim Cook to China last month, while he met key officials and the vice premier has also shown the company’s ambition to forge a closer relationship with the Chinese market. The company’s China sales is expected to reach US$30 billion by 2015.
Hong Kong was one of the territories where the new iPad made its debut earlier this year, the first time that any part of the Greater China region had been included on the list for the first-wave release of an Apple product. But Hong Kong is only considered a Special Administrative Region, the new tablet device has not really entered the Chinese market due to the trademark issue. The real money is in mainland China, the new iPad will not be expected to help Apple’s profits soar to a new record levels if it couldn’t make an official release in China.
SOURCE: Beijing Business Today (Chinese translated)
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