Roger Fingas
Apple's Chinese revenues shot ahead 112 percent year-over-year during the June quarter to over $13.2 billion, reflecting the growing importance of the country to Apple's bottom line even as other regions also showed significant growth.
The Americas continued to be Apple's best-performing region in terms of overall revenue, rising 15 percent to $20.2 billion. China, however, easily eclipsed Europe, which advanced 19 percent year-over-year but only to $10.3 billion. Sequentially, China has been ahead of Europe for multiple quarters.
Japan revenues were up a comparatively small 9 percent from 2014 to just under $2.9 billion. Apple's next-most aggressive growth took place in the rest of the Asia Pacific market, which increased 26 percent to a little under $3 billion.
Analysts have typically credited Apple's success in China to the popularity of the iPhone. Although the device is more expensive than most smartphones, and out of the price range of most Chinese, the country has also seen the growth of middle and upper classes which can both afford one and see it as a status symbol.
Many Chinese also rely on a smartphone as their primary computing device, making it easier to justify financially.
Apple sold 47.5 million iPhones worldwide during the June quarter, contributing to the lion's share of the company's $49.6 billion in revenue. iPhone units were up 35 percent year-over-year, though Apple didn't specify sales by region.
Charles Martin
Malcolm Owen
Andrew O'Hara
William Gallagher
10 Comments
Didn't analysts say that China was too poor and Apple should release a cheap-ass iPhone?
Didn't analysts say that China was too poor and Apple should release a cheap-ass iPhone?
Yes, that’s exactly what they said. I wish I had the time and money to start a website that collects all the garbage various analysts and pundits have said about Apple only to be proven hilariously wrong. I’d start of course with the video of Steve Ballmer laughing at the iPhone when it was released, “Five hundred dollars? No keyboard?”
Three reasons that China sales are so strong: China Mobile started selling iPhone on Jan 17, 2014, China Mobile deployed LTE last year, Chinese preferred larger screen iPhone 6S.
Three reasons that China sales are so strong: China Mobile started selling iPhone on Jan 17, 2014, China Mobile deployed LTE last year, Chinese preferred larger screen iPhone 6S.
You meant iPhone 6+?
[quote name="lkrupp" url="/t/187303/apples-chinese-revenues-surge-112-in-q3-to-lead-worldwide-growth#post_2750835"] Yes, that’s exactly what they said. I wish I had the time and money to start a website that collects all the garbage various analysts and pundits have said about Apple only to be proven hilariously wrong. I’d start of course with the video of Steve Ballmer laughing at the iPhone when it was released, “Five hundred dollars? No keyboard?” [/quote] Phillip Elmer DeWitt does a fine job of collecting all the misinformed and fraudulent advice of "analysts".