Recent statistical report shows that China definitely loves Apple products. It is now the trend for rising middle class in China. Basing on numbers, Apple is now the top supplier in terms of smartphone manufacture in China. The country gained the highest percentage on sales over the revenues of Apple products globally.
Apple reported that the Chinese market gained total revenue of $16.1 billion, according to the New York Times. Its revenue is 157 percent bigger than the preceding quarter and is 70 percent bigger than that of last year.
The highest revenue reported is from Americas with $30.6 billion, followed by Europe having $17.2 billion and then China. The demand for Apple products doubles the revenue acceleration of China over other parts of Asia Pacific, with combined revenues of 33 percent, or the Americas, with 23 percent. Analysts believed that China is the highest consumer of Apple products anywhere in the world, according to Reuters.
On today's earnings call, Apple's chief executive Timothy D. Cook said that China's fondness for iPhone 6 and iPhone 6 Plus is "phenomenal" and that the iPhones attracts switchers from Android Devices. Apple's CFO Luca Maestri announced the company's plan on widening their operation by opening additional branches.
Apples success in China increased its overall profit from last year's $13.1 billion to $18 billion this year and its total revenue from $57.6 billion to $74.6 billion on its first quarter. Apple's overall sales surpassed analysts' expectations. Cook believed that China is an incredible market and that the Chinese people love Apple products. He gave an assurance that they will do their best to serve the market.
China has been a competitive market for Apple and its rivals. Apple has made aggressive moves to win over China's market. The company tied deals with China mobile which is the largest network in the world with approximately 800 million subscribers.