Apple sales skyrocket in China

Apple's sales in mainland China (Hong Kong and Taiwan) has expanded threefold to $7.9 billion in the first quarter of 2012, making up a fifth of Apple's total sales worldwide, and it is looking forward to double profit from 2011 as year-end estimations are currently at $13.3 billion.

"We may not see a repeat of this year's stellar pace of growth in coming years unless Apple comes up with great new products to keep up with consumers' demand and tastes,"said market analyst Candice Wang to Reuters UK, and it seems the release of the iPhone 5 COULD PLAY THIS "great new product" role.

Apple is increasing its domination over the richest part of China, as of third and four-tier cities, the case is completely different. An iPhone in China costs 4,988 yuan ($790), which is a lot more than most of Chinese population make per month.

For most Chinese, the iPhone is so out of reach that they can't even consider buying it, choosing cheaper alternatives, most Android phones. And this is where the problem appears for Apple, with Samsung and Nokia concentrating efforts in the Chinese market, the Cupertino company is bound to lose its domination over the world's biggest population.

Comments