For the first time in the latest quarter, sales of Apple iPhone in China have surpassed that of the US due to the high sales, during the country’s New Year. Apple Inc.’s (NASDAQ:AAPL) iPhone 6 and iPhone 6 Plus raked in much demand when compared with other countries in Asia.
Apple Inc. reported a 20 percent increase in earnings on Monday, during the second fiscal quarter, which ended in March. Though Apple does not report country specific shipments, the company is expected to have been sold about 18 million to 20 million iPhones in greater China, according to Creative Strategies LLC. About 14 million to 15 million iPhone were shipped in the US.
The massive demand for the iPhone in China were due to the large screens favored by the consumers. Recently, Apple CEO Tim Cook indicated his importance for the country by launching the Apple Watch. An analyst at Creative Strategies LLC, Ben Bajarin remained unclear if the sales in China would surpass the US in every quarter. Cook expects that China would emerge as a greater market in the future.
Apple plans to double the number of stores in China by mid-2016. The demand reached at peak point in February, with a 28 percent China smartphone market share. An analyst at UBS Steven Milunovich stated that the demand for iPhone 6 Plus in China was greater than anywhere else. Some analysts have even mentioned that in the last three of 2014, more iPhone were sold in China than the US.
Analysts are predicting that the revenue would increase by 25 percent to $46.9 billion in the period ending June. Bloomberg Intelligence reported that strong iPhone demand in the second quarter is likely to expand Apple’s global market share gains. Apple’s stock increased by .47 percent to end at $130.28, and showed a weekly performance of 4.43 percent.[ Via ]