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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

 

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China

RCEP and China: Reimagining the future of trade in Asia

The Regional Comprehensive Economic Partnership (RCEP) could eventually usher in an era of much deeper regional integration: for corporates doing business in the region, their future success may well hinge on how adeptly they manage to navigate the evolution of Asia’s trade landscape under the RCEP.

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Last month, 15 countries in the Asia-Pacific region – including the 10 member states of the Association of Southeast Asian Nations (ASEAN) as well as China, Australia, Japan, New Zealand, and South Korea – signed the landmark Regional Comprehensive Economic Partnership (RCEP) on the final day of the 37th ASEAN Summit.

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Thailand ready to ink big Chinese-backed trade deal

The RCEP will cover all 10 Asean member states plus five partners: China, Australia, Japan, New Zealand, and South Korea and will take effect from the middle of 2021 if at least six Asean members and three partners agree to its terms.

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Thailand is set to sign the world’s biggest free trade agreement with Japan, China, South Korea and 12 other Asia-Pacific countries at the 37th Asean Summit this week.

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Great Wall Motor (China) takes over GM factory in Thailand

The Thai production hub will become operational in the first quarter of 2021 with automobile production capacity of 80,000 units per annum.

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Chinese carmaker Great Wall Motor (GWM) hosted a ceremony on November 2nd to celebrate the latest milestone in taking full ownership of Rayong Manufacturing Facility in Thailand.

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