In today's conference call after the Q2 2013 fiscal results, Apple CFO Peter Oppenheimer revealed that Apple products are selling like gangbusters in East Asia. In China and Japan both, iPad sales more than doubled this quarter from the quarter the year prior. In China specifically, iPad sales were up 138% from last year. iPhone sales are also up hugely since the last year. In Japan...
In the not-so-distant past, Tim Cook has been quoted as saying he expects China to emerge as the company’s largest source of revenue. Back in January, we discussed this growth in China, along with Asymco.com’s estimate that China would overtake US sales at Apple by 2016. Has anything changed?
Following Tim Cook’s apology yesterday, the state-controlled media in China has begun to praise Apple after a constant barrage of negative stories over the past couple of weeks. Apple’s apology and policy change were inevitable, as the company was an underdog against the Chinese state media machine. At least according to Reuters:
The long-term results the three-week-old Chinese state-driven propaganda assaults on Apple haven't yet surfaced, but it's clear from CEO's Tim Cook's recent apology for alleged warranty inconsistencies. But looking at past examples of hostile media campaigns orchestrated by the Chinese government, Citigroup analyst Glen Yeung believes Apple could face lost sales up to $13 billion in...
Apple is being sued by a state-run animation studio in China over apps that contain unlicensed material from the studio. Shanghai Animation Film Studio is seeking total damages of 3.3 million yuan, or $530,000.
Apple has just announced that the Wi-Fi + cellular versions of the iPad mini and iPad 4 will be launching in China this Friday, January 18. According to Apple
Earlier this week, Asymco’s Horrace Dediu wrote a wonderful post about the huge differences between Microsoft and Apple in China. He makes a very strong case for how difficult of a position Microsoft is in. I encourage you to the Asymco post in detail to understand his arguments. Pretty compelling stuff.
Looks like the iPad mini is proving as popular in Hong Kong and China as it'd been in western markets. Yup, despite the lack of a Retina display, and complaints that it's not as "cheap" as a deeply subsidized Google or Amazon tablet, Apple can't keep them on the shelves.
As much as it pains Apple shareholders to watch the stock drop to $500 from a high of over $700, we all need to learn to stomach the volatility and focus on the business performance.
Apple has announced that it has sold over two million iPhone 5 handsets in China after just three days since its official launch. The iPhone 5 went on sale in China on Friday December 14 and by end of play on Sunday, Apple had sold over 2 million devices. The roll out doesn't stop in China either; more countries will get the iPhone 5 soon making a total of 100 countries by the end of...