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