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Wed Oct 28, 2015, 03:38 PM

China's Hunger For iPhones Keeps Growing

Source: Huffington Post

Sales in China accounted for nearly a quarter of Apple's total third-quarter sales.

Slowdown? What slowdown?

Apple Inc reported blockbuster iPhone sales in China, suggesting that worries about the company's growth trajectory in the world's second-largest economy are overdone.

Apple's shares rose nearly 3 percent in early trading on Wednesday.

The stock has lost about 7 percent of its value in the past three months as investors fret that the slowing Chinese economy would derail Apple's successful run in the country.

Apple's sales in Greater China, including Taiwan and Hong Kong, nearly doubled in the third quarter, accounting for nearly a quarter of the company's total sales.

Read more: http://www.huffingtonpost.com/entry/chinas-hunger-for-iphones-keeps-growing_5630dc28e4b00aa54a4c0019





Chinese communists checking their "Man Made Island Bases" apps. /sarcasm

Reading about iPhone sales in China sorta helps deflates the media's constant fear/war mongering about that country, for me at least. ymmv

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Reply China's Hunger For iPhones Keeps Growing (Original post)
uawchild Oct 2015 OP
LuckyLib Oct 2015 #1
uawchild Oct 2015 #2

Response to uawchild (Original post)

Wed Oct 28, 2015, 04:08 PM

1. Are the Chinese paying $650 per phone, the standard

Apple store charge?

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Response to LuckyLib (Reply #1)

Wed Oct 28, 2015, 04:21 PM

2. excellent question... let's check...

"iPhones in China to become even more expensive following currency devaluation
...
The iPhone in China cost over $200 more that an iPhone in the US where it is priced from $649, yet Apple has been able to leverage its brand power to get Chinese customers to buy its phones in their millions seeing the item as a status symbol as much as a communication device."

http://www.ibtimes.co.uk/iphones-china-become-even-more-expensive-following-currency-devaluation-1515104

That's an article from August.

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