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China accounts for 20% of Apple’s earning

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 last fiscal year.

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Apple stores in China have attracted long lines of eager customers

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.

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China has great potential for Apple

 

Economics

China’s new three-child policy highlights risks of aging across emerging Asia

Thailand’s (Baa1 stable) total dependency ratio is set to jump nine percentage points to 51% by 2030 – a faster increase than China’s – which will pressure public and private savings through higher taxes and social spending, reducing innovation and productivity gains.

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Street vendor in Bangkok

Population aging in China (A1 stable) and other emerging markets in Asia will hurt economic growth, competitiveness and fiscal revenue, unless productivity gains accelerate, according to a new report by Moody’s Investors Service.

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China

Clear skies over Asia’s new foreign investment landscape?

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Compounding the fallout of the US–China trade war, the global pandemic and recession have caused considerable speculation on the future of foreign investment and global value chains (GVCs). But though there is likely to be some permanent change, it will probably not be as great as politicians expect.

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