Monday, October 29, 2012

Apple sales surge in China, claims Tim Cook

Apple, the consumer electronics giant, continues to enjoy rapid sales growth in China which now delivers 15% of its global revenues, and offers considerable room for further expansion.

Speaking on a conference call with analysts, Tim Cook, Apple's chief executive, reported that total returns from China hit $23.8bn during the last 12 months.

This constituted an annual increase of 78%, or an additional $10bn, a performance Cook suggested was "really phenomenal when you think about it".


"We continue to see it as a extremely exciting market with more and more people wanting Apple products," he said.

As a result, the country today contributes 15% of worldwide revenues, which reached $156bn in the last financial year. "We're extremely happy with how we've done in China," said Cook.

Read more about Apple sale surge in China at Warc


Post a Comment

Twitter Delicious Facebook Digg Stumbleupon Favorites More

Design by Free WordPress Themes | Bloggerized by Lasantha - Premium Blogger Themes | Web Hosting Bluehost