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iPhone Sales In China Boost Apple Inc.

The iPhone 6; Apparently a Mojor Booster of iPhone Sales in China

They might not have seen it coming, but it did happen. China on Monday confirmed it is a fertile business ground for Apple Inc.

The technology super power surpassed Wall Street’s profit and revenue projection, selling for the first time, more iPhones in China than in America. Although Apple Inc. did not give statistics for the sale of the Apple Watch (one of its newest products) in China, its sales in the Asian country rose significantly ($16.8 billion).

According to the Wall Street Journal, Apple sold 61.2 million iPhones in the first 3 months of 2015. That’s 40% up from the same time last year. This is a good sign for the tech manufacturing giants although Reuters indicated in a report that it was helped by gift-buying for the Chinese New Year.

Reuters reports that the iPhone manufacturer’s overall revenue in China rose to $58.01 billion in the quarter that ended March 28. That amount was $45.64 billion same time last year, and did beat Wall Street’s expected revenue of $56 billion.

While some skeptical analysts have branded China a tough market for Apple, others simply think that the tides are turning around for the good of the company, according to the Wall Street Journal. It reports that average monthly salaries are increasing, and people are getting more money to spend. This according to the journal “indicates that Apple’s potential market in China may indeed be bigger than expected.”

The Wall Street Journal quotes Shanghai-based Canalys analyst Nicole Peng as saying, “China’s middle-class population is still growing, and Apple’s addressable market will keep increasing.” She explained that this growth might be propelled by the fact that more Chinese banks and telecommunications operators are offering special promotional campaigns that allow people to buy iPhones in monthly installments over 12 months, making it easier for more consumers to afford the new phones.

China’s middle-class population is still growing, and Apple’s addressable market will keep increasing.

Whether this is true or not, one thing is clear; Many Chinese consumers are still excited about Apple’s new products.

For other Apple Inc. related news in China here on Immortal News, Apple has become a top luxury brand in China, as it released a new advertisement for Chinese New Year.

What do you think of China surpassing Apple sales in the United States?

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