TweakTown
Tech content trusted by users in North America and around the world
5,668 Reviews & Articles | 36,027 News Posts

Apple see iPhone sales drop in China

Apple's iPhone sales in China have slipped

| Business, Financial & Legal News | Posted: Jul 30, 2012 8:28 am

Considering Apple's next major market is mainland China, with a population of over one billion people, its strange to hear that Apple has just a very small portion of Chinese customers. The news has also leaked that Apple's revenues in the market have slipped.

 

TweakTown image news/2/5/25058_09_iphone_sales_drop_in_china.jpg

 

In the third quarter of this fiscal year, Apple's sales have experienced a drop when compared to the two previous quarters, with a big portion of this decline coming from their iPhone. Revenue for the third quarter in Greater China came to $5.7 billion, which is a total of 16-percent of Apple's total revenues. Considering revenues were up 48-percent from the same quarter last year, it had fallen by a sharp 27-percent from the previous quarter.

 

Increased competition from companies such as Samsung as well as domestic Chinese smartphones brands, the iPhones momentum has been slowing down over the past few months according to Li Yi, the secretary of China Mobile Internet Industry Alliance. Apple have sold 26 million iPhones last quarter, down a very sharp 26-percent, something I noted on last week. These sales figures were below what was expected by Wall St analysts.

NEWS SOURCE
Vr-zone.com

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

Latest Downloads

View More Latest Downloads

TweakTown Web Poll

Question: Did EA kill the Battlefield franchise with the terrible BF4 issues?

Yes, Battlefield is doomed

No, Battlefield will live on strong

I'm not sure, but I know EA needs to improve its game

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
Get TweakTown updates via Facebook!
Just click the "Like" button below