Apple eyes perfect 10 with rebound
Jordan
www.szdingrun.com
2017-11-04 11:28:58
Strong revenue growth in the third quarter has ended Apple Inc's declining streak of six consecutive quarters in China, the world's largest smartphone market.
Revenue from the China market was $9.8 billion, up 12 percent year-on-year and up 22 percent sequentially.
The quarterly rebound shows the Cupertino, California-based company is responding well in China to mounting competition from Huawei Technologies Co Ltd and other local smartphone makers, market mavens said.
Tim Cook, Apple's CEO, said on a conference call: "We increased market share for iPhone, Mac and iPad during the quarter. We hit all-time revenue records for services for China."
The glad tidings coincided with Friday's start of sales in China of the tech giant's most-advanced iPhone X (pronounced iPhone Ten).
The gadget's expensive price tag-up to 9,688 yuan ($1,462)-does not appear to have intimidated Apple fans, market insiders said.
No huge crowds gathered outside Apple stores in cities like Shanghai, but that was because most buyers placed pre-sale orders online, which is considered a surefire way to get the gizmo on the launch day.
But not every such consumer was successful.
Revenue from the China market was $9.8 billion, up 12 percent year-on-year and up 22 percent sequentially.
The quarterly rebound shows the Cupertino, California-based company is responding well in China to mounting competition from Huawei Technologies Co Ltd and other local smartphone makers, market mavens said.
Tim Cook, Apple's CEO, said on a conference call: "We increased market share for iPhone, Mac and iPad during the quarter. We hit all-time revenue records for services for China."
The glad tidings coincided with Friday's start of sales in China of the tech giant's most-advanced iPhone X (pronounced iPhone Ten).
The gadget's expensive price tag-up to 9,688 yuan ($1,462)-does not appear to have intimidated Apple fans, market insiders said.
No huge crowds gathered outside Apple stores in cities like Shanghai, but that was because most buyers placed pre-sale orders online, which is considered a surefire way to get the gizmo on the launch day.
But not every such consumer was successful.
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