China now Apple's 2nd-largest market
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China.org.cn, October 19, 2011
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China has become Apple Inc's second largest market in the third fiscal quarter. [File photo] |
![China has become Apple Inc's second largest market in the third fiscal quarter. [File photo]](http://images.china.cn/attachement/jpg/site1007/20111019/0011111fa1561008ce1d1f.jpg "China has become Apple Inc's second largest market in the third fiscal quarter. [File photo]")
During Apple's quarterly earnings call on Tuesday, the company detailed record sales of US$4.5 billion in China for the September quarter, up 270% year-on-year.
"The China progress has been amazing. [Apple's] Greater China revenue represented 2% in FY09. In FY11, it accounted for 12%. Look at just Q411, it accounted for 16% and has become number 2 on our list of top revenue countries very, very quickly", said Apple's CEO Tim Cook.
Cook also revealed that Apple's revenue in Brazil topped $900 million last quarter, up 118 percent year-on-year.
According to Cook, Russia is looking more promising, and the Middle East has "significant growth opportunities" for Apple.
