Canalys (a research firm) recently reported that since the launch of the iPhone 4s in China, their market propelled U.S. market. During the first quarter of 2012, the United States accounted for 16 percent of sales while China surpassed at 22 percent of sales.
Ironically, the numbers were reversed last year. China’s sales accounted for 16 percent and United States accounted for 22 percent. The total number of shipments worldwide grew 45 percent in the last year to 146 with just 5 percent of growth in sales in the USA.
Lee Ainslie's Maverick Capital had a difficult third quarter, although many hedge funds did. The quarter ended with the S&P 500's worst month since the beginning of the COVID pandemic. Q3 2021 hedge fund letters, conferences and more Maverick fund returns Maverick USA was down 11.6% for the third quarter, bringing its year-to-date return to Read More
Canalys also revealed a list of top ten countries from around the world where phones are sold and about fifty percent of the list were countries located in the Asia-Pacific region. Altogether the region’s profits grew 81 percent within the first quarter alone.
Chris Whitmore, an analyst from Deutsche Bank, believes that iPhone sales are just “are getting started” in China. He also thinks that Apple Inc. (NASDAQ:AAPL) does not need to create a partnership to sell well as he can foresee iPhone sales reach up to 35 million by the year of 2013.
In a recent conference call regarding Apple Inc. (NASDAQ:AAPL)’s current quarter findings, the chief executive officer Tim Cook stated that sales for the iPhone in China were greatest in March 2012, about five times greater than the March quarter of 2011. Cook speculates that the strong increase can be attributed to a better economy. Since more people are making money, they more money they have to purchase iPhones and other technology products.
Everyone loves Apple Inc. (NASDAQ:AAPL). Thanks to, their innovative technologies, sharp marketing skills, and in-demand products they are a strong competitor in the global market. It’s really no surprise that technology savvy countries demand valuable products and services, and that is something that Apple Inc. (NASDAQ:AAPL) delivers in spades.