Apple sold more iPhones in China than it did in the US in Q2, 2015

In recent times, China has become an increasingly important market for Apple, which is evident from the company’s rapid retail expansion plans there. Many analyst and pundits had predicted that China will soon overtake United States in terms of iPhone sales for Apple sooner or later.

More than 61 million iPhones were purchased during the usually-slow, post-holiday second quarter. That’s over 4 million above analyst estimates, and it looks like the handset did particularly well in China—up 72% year-over-year.

At its earnings call, Tim Cook, Apple’s CEO, said that China’s middle class population has helped in keeping the iPhone sales momentum alive. The sales of the iPhone were further helped by the Chinese New Year, and Apple opening five new retail stores in the country by the end of February.

Here is a breakdown of the numbers this year, vs. Q2 in 2014:
  • Revenue: $58.01 billion vs. $45.6 billion last year
  • iPhone units: 61.2 million vs. 43.7 million last year
  • iPad units: 12.62 million vs. 16.35 million last year
  • Mac units: 4.56 million vs. 4.1 million last year
And here are some comments from CEO Tim Cook and CFO Luca Maestri:
“We are thrilled by the continued strength of iPhone, Mac and the App Store, which drove our best March quarter results ever,” said Tim Cook, Apple’s CEO. “We’re seeing a higher rate of people switching to iPhone than we’ve experienced in previous cycles, and we’re off to an exciting start to the June quarter with the launch of Apple Watch.”
“The tremendous customer demand for our products and services in the March quarter drove revenue growth of 27 percent and EPS growth of 40 percent,” said Luca Maestri, Apple’s CFO. “Cash flow from operations was also outstanding at $19.1 billion.”
So what do you think ?



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