Retail in Asia

In Trends

Apple “incredibly excited” after China revenue rises 29pc

Apple Inc’s revenue in China in the first fiscal quarter totalled USD8.4 billion which made it the company’s fastest growing regional market, the US technology giant said last week.

China has become a place for an "incredible start" for Apple in the coming quarters, Tim Cook, Apple’s chief executive, said in an earnings call conference.

Earlier this month, Apple and China Mobile – the world’s number one mobile carrier by subscribers – agreed to sell iPhones supporting the telco’s 4G network, and analysts predicted the agreement to boost sales of iPhones by 15-20 million in 2014.
 

(Source: Shanghai Daily)