Apple Inc’s sales in China accounted for about 20 percent of the company’s $39.2 billion earnings in the fiscal Q2, a sharp increase compared to 4.5 percent in the 2011 fiscal year, China News reported on Thursday, citing Apple’s quarterly fiscal report.

Apple’s revenue in China during the most recent two fiscal quarters totaled $12.4 billion, rivaling its annual performance of $13.3 billion last year. iPhone sales in China quintupled in the fiscal Q2.

Apple Inc has reported earnings of $11.6 billion in net profits for the second fiscal quarter ended March 31, up 93 percent year-on-year. It earned $12.3 per share on sales in the same period.

The profits were jacked up mainly by its eye-catching iPhone and iPad, which have been much-favored in the global market.

iPhones sold globally in the fiscal Q2 hit a high of 35.1 million sets, up 88 percent year-on-year, while iPad sales increased by 151 percent to hit 11.8 million. Macbook sales were relatively weak at 4 million, up 7 percentage points year-on-year. At the same time, iPod sales slipped by 15 percent to 7.7 million.

View original post here:
China has great potential for Apple

 

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Thai Police probes into Chinese money laundering syndicate

More than 5 billion baht (US$113 million) have already been seized, including a plane, land, and three mansions, and the Chinese ownership of several mansions in prestigious Bangkok complexes is being looked into.

Thai cops face charges over dubious visa linked to Chinese gangs

The cash-flush triad bosses are suspected of using legitimate enterprises and real estate purchased through Thai nominees to launder their illicit funds.

Can sustainable architecture in emerging markets help lower emissions?

Some emerging markets are taking the lead when it comes to sustainable architecture, often by incorporating traditional designs and materials into construction.