Apple Inc. (AAPL)’s iPhone Generated More Sales in China Than U.S.

Apple (AAPL)

Apple Inc. (NASDAQ:AAPL) has generated more sales last year of its iconic iPhone product in China than in the U.S. The Cupertino, California based tech giant  is expected to make an announcement on the matter this week. Analysts link the huge sale in China to Apple’s deal with China Mobile, China’s biggest mobile carrier. The deal, which was carried out last year, effectively made way for an enhanced presence of Apple in the region. The release of its newest iPhone product, the iPhone 6, which was made available to Chinese consumers in October last year, is also considered a determining factor.

Although China reportedly beat the U.S. in terms of the number of iPhones bought by the region’s consumers, reports also indicate that Apple Inc. (NASDAQ:AAPL)’s iPhone is also the smartphone of choice among American consumers. A study conducted by the Consumer Intelligence Research Partners indicates that iPhones represented 50 percent of activations for the quarter ended December 2014, making it the top choice of U.S. smartphone buyers. Samsung is the next popular choice at 26 percent. Another research points out that more than half of Americans who intend to purchase an iPhone will actually buy one in the next 3 months, and they also are three times more likely to favor iPhone over a device from Samsung, although the second most popular smartphone in the U.S. is regaining momentum, the research notes.

Apple (AAPL)Apple Inc. (NASDAQ:AAPL) CEO Tim Cook had noted way back in 2013 that the Chinese market will gradually emerge as the company’s biggest revenue producer. Analysts estimates that iPhone shipments in China represented 36 percent for the previous quarter, while that of the U.S. stood for only 24 percent. The previous year, China accounted for only 22 percent while the U.S. claimed 29 percent. The growth of sales in China comes at a time when Samsung’s share of the market is declining. The Korean tech giant is recognized as the global leader in smartphone sales in terms of volume. Although Apple Inc. (NASDAQ:AAPL) has yet to announce the exact figures, an analyst’s estimate indicates that Chinese consumers beat their North American counterparts by  buying 2 million more units of iPhones in the quarter.

This article has been written by Nonito Guntan.

Apple Inc. (NASDAQ:AAPL) Touches All-Time High Share Price, Mammoth iPhone6 Sale Predictions Boost Share Price

Apple Inc. (NASDAQ:AAPL) Initiates Stringent Efforts To Push iPad Sales In TheCorporate Hemisphere

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

Related posts

*

*

Top

Warren Buffett's Best Picks

Warren Buffett's these stock picks will crush the market over the next 12 months. Get our report FREE by becoming a member now