Daniel Eran DilgerApple's chief operations officer Tim Cook said Apple's "international numbers are absolutely killer," citing particularly strong growth in Asia, Europe and Japan. Cook noted 144% growth in China and near double growth in Hong Kong sales.
Even in Spain, where the economy has been in the doldrums of recession, Cook noted 59% growth in Mac sales. Apple will also be expanding its Spanish iPhone mobile partner from a single exclusive provider to three alternative carriers.
In its last conference call, Apple executives had pointed to a stronger US dollar as one of five factors that could depress profit margins. However, the company said margins remained higher at 39.1% due to lower transition costs than expected and favorable adjustments. Increased foreign sales also resulted in a lower tax rate.
Christine McKee
AppleInsider Staff
Chip Loder
Malcolm Owen
William Gallagher
15 Comments
If Apple wants serious growth Internationally they need more international stores. In particular two or three stores in the countries they currently have no stores. The fact that they have no store in Dublin is telling, for example.
Today is a SAD SAD DAY for all the Apple-Haters
1. While the USA and most of Europe are feeling the pain of economic recessions, the rest of the world is not.
2. All over the world, on average, incomes are rising. More and more people move into both the middle and upper class every day. Sure, the average income in many countries is low, but if India has 1% of its population move into the middle class, how many people is that?
3. On average, real per-capita income in the USA has doubled every 50 years. It is doing way better than that in many countries (e.g., "worst" Korea, Japan, China, Brazil, etc.)
Bottom line, Apple stuff is more affordable to more people every day.
1. While the USA and most of Europe are feeling the pain of economic recessions, the rest of the world is not.
2. All over the world, on average, incomes are rising. More and more people move into both the middle and upper class every day. Sure, the average income in many countries is low, but if India has 1% of its population move into the middle class, how many people is that?
3. On average, real per-capita income in the USA has doubled every 50 years. It is doing way better than that in many countries (e.g., "worst" Korea, Japan, China, Brazil, etc.)
Bottom line, Apple stuff is more affordable to more people every day.
Very true. The Mac is a huge sleeper growth opportunity in that regard.
However, in the short term, the appreciating dollar could put a drag on EPS growth, given the increasing role of non-US profits.
While noting domestic growth in the US that has consistently outpaced the overall industry for the last 17 consecutive quarters, Apple drew specific attention to even more dramatic growth in sales internationally in its June quarter conference call.
Apple's chief operations officer Tim Cook said Apple's "international numbers are absolutely killer," citing particularly strong growth in Asia, Europe and Japan. Cook noted 144% growth in China and near double growth in Hong Kong sales.
Even in Spain, where the economy has been in the doldrums of recession, Cook noted 59% growth in Mac sales. Apple will also be expanding its Spanish iPhone mobile partner from a single exclusive provider to three alternative carriers.
In its last conference call, Apple executives had pointed to a stronger US dollar as one of five factors that could depress profit margins. However, the company said margins remained higher at 39.1% due to lower transition costs than expected and favorable adjustments. Increased foreign sales also resulted in a lower tax rate.
Yes international growth is smoking gheezzz Im from the U.S. but being here in Manila Im seeing this as well...One problem I do see though is in its Apple "official reseller" stores here is the lack of salesman knowledge as well as a lack of customer service at a few stores here..its damn right insane to have to walk up to someone sometimes and ask do you work here? because they were just standing there gazing off into the horizon....But this is not the case in "all" stores