Sales Surge in China Apple Announces Record Results
Published By : 28 Apr 2015 | Published By : QYRESEARCH
Apple traded 61.2 million iPhones in the initial 3 months of 2015, registering revenues amounting to US$58 billion as strong sales from China stimulated the tech firm to another record quarter.
The Californian tech giant was aided by strong sales of the new iPhone 6 and the larger iPhone 6 Plus in China during Chinese New Year February. Analysts polled by Bloomberg had expected Apple to sell 58.1 million iPhones and for the company to report revenues of US$56 billion. The number far exceeded the 43.7 million iPhones that Apple sold in the same period a year ago.
Revenue from China rose 71% to US$16.82 billion. That compares with US$21.3 billion in the Americas region, which was up 19%. Mr. Tim Cook, the chief executive of Apple, has previously predicted that China will become largest market for Apple.
They are thrilled by the continued strength of iPhone, Mac and the App Store, which drove our best March quarter results ever, stated Cook, announcing the most recent quarterly results of the company after the US stock markets had closed. They are witnessing a higher rate of people switching to iPhone than they have experienced in previous cycles, and they are off to an exciting start to the June quarter with the launch of Apple Watch.
On a call with analysts Cook said the company had an incredible quarter in China driven in large part by iPhone sales. Sales of Macs rose 31% in China. Cook stated that the firm had benefitted from an expansion its corporeal retail and the online presence in China.