Retail in Asia

In Trends

Apple’s growth in China: As good as it gets?

China was a knockout success for Apple in the fourth quarter where demand for its latest iPhones propelled a 70 percent on-year rise in revenue, and analysts are now tipping the first quarter to be even better.

Gift-buying in the lead up to Chinese New Year holiday, which falls on 19-20 February, will likely drive iPhone sales even higher this quarter, say analysts. The first quarter is typically the strongest for smartphone sales in the mainland due to the holiday season.

Apple generated USD16.1 billion in revenue from Greater China – which includes China, Hong Kong and Taiwan – in the three months to December – up from USD9.5 billion in the same period a year earlier. The region accounted for 22 percent of the company’s overall revenues.
 

(Source: CNBC)