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Apple and China, sitting in a tree, s-e-l-l-i-n-g - err, lots of Apple products

China and Apple are close, China now accounts for 16% of Apple's sales in the last quarter alone

| Mobile Devices, Tablets & Phones News | Posted: Oct 19, 2011 9:33 am

Not only do Apple have most (if not all?) of their manufacturing done in China, but it appears that China is now Apple's second-largest market, where they accounted for 16-percent of Apple's sales during the last quarter, with $4.5 billion in revenue, a year-over-year increase of a whopping 270-percent.

 

In comparison to fiscal 2009, China accounted for just a measly 2-percent of Apple revenue. Now, "the sky is the limit" says Apple CEO, Tim Cook. Cook also revealed that Brazil was up 118-percent year-over-year, Russia looks "promising" and the Middle East is, according to Tim, a "significant opportunity".

 

TweakTown image news/2/1/21179_28_apple_and_china_sitting_in_a_tree_s_e_l_l_i_n_g_err_lots_of_apple_products.png

 

Keep in mind though, that Apple is not launching as full an assault in other countries as in China, Cook noted. Apple's approach in China is virtually the same as the US: six retail stores, 200 approved resellers, an online store and of course, advertising.

 

Around the world, Apple has 40,000 iPad point of sales, 50,000 for the iPod and 120,000 for the iPhone. Apple CFO, Peter Oppenheimer says that Apple plan to open 40 new stores in fiscal 2012, with over 75-percent of them outside the US.

NEWS SOURCE
Allthingsd.com

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