There is a dread fear on whether Apple's Tim Cook will be able to keep the iPhone buzzing in China. (Photo : Reuters)
Going by media reports, there is a dread fear on whether Apple's Tim Cook will be able to keep the iPhone buzzing in China.
It is reported that China has become the biggest market of Apple Inc. after the U.S., and now what Apple needs to do is to reach out to the common people that includes the middle class, which is swelling day by day.
The latest news is that investors are now focusing on the prospects of the iPhone in the largest mobile market in the world. This coincides with Tim Cook, Apple's Chief Executive, preparing to release the results of the Apple's quarter-end sale, ended in Dec. 26.
According to AbheyLamba, analyst of Mizuho Securities, people will be paying attention to what Cook has to say about China. He also remarked whether Apple can buck the trend of what is happening in the macro economy.
According to reports, China is the key market for Apple, with sales being recorded at 25 percent of the company's global sales in the world. Statistics say that three months prior to the Lunar New Year in 2015, number of iPhones sold in China was higher than what was sold in the U.S. There are also reports that Cook had assured their investors in August that Apple's business would not be affected by minor changes during the economic crisis faced by China.
It is reported that consumer products of Apple are less sensitive to political upheavals as compared to their technology like social media platforms and networking equipment, which are constantly monitored by the Government. Reports also say that the success of Apple in China can be contributed to the prosperity of the urban upper middle class in China.
Watch the rare footage of Apple's factory in China:
