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Apple Sees Highest Revenue Growth in China, Up 67%

Posted in Apple, News on 24/01/2013 by Chris Hauk

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During yesterday’s Q1 2013 results call, Apple CFO Peter Oppenheimer said that the company has been focusing on establishing a new operating segment of Greater China, including Mainland China, Hong Kong, and Taiwan.

China iPad 2

MacRumors:

“We have established a new operating segment for China, given the contribution of that region to our business,” said Oppenheimer.

The company has adjusted how it reports revenue for separate geographic regions because of the significant sales of both hardware and software in China during the last couple of years. China was responsible for $6.8 billion of Apple’s revenue during the last quarter. Overall revenue in China is up 67%.

Apple saw strong iPhone growth overall, selling 47 million handsets, compared to 37million in the same quarter a year ago. Its most significant growth was in China, up more than 100% year-over-year.

During 2012, Apple opened 4 new stores in China, and on yesterdays call, CEO Tim Cook said the company plans to continue to expand in the country, saying that Apple had “many more” stores to open.



Author

Chris Hauk

MacTrast Senior Editor, and self-described "magnificent bastard," Chris Hauk owns Phoenix Rising Services and writes for everyone's favorite "bad movie" website, Big Bad Drive-In.

His first Apple product was an iPod Classic 5 years ago, and he has since added a MacBook Pro, iPad, iPhone, and 2 Apple TVs to his collection.

He lives somewhere in the deep Southern part of America. Yes, he has to pump in both sunshine, and the Internet.

Don't forget to check out Chris' two latest endeavors, as the "Apple Expert" at Answers.com, and his own personal tech blog at chrishauk.com