Apple's growth story in China

San Francisco: People in China are not only making the coveted Apple gadgets, they are embracing them as a booming market in the nation will become the top trend-setting company in California.
Tensile follow-up is powered by a bomb in Apple's earnings reflected increased demand for iPhones in China stock markets on Wednesday.
The demand was "incomprehensible" in China, where the income was a record quarter of $ 7900000000, according to Apple CEO Tim Cook.
Sales in China for the first three months was three times what they were in the same period, the 2011th
Apple took in $ 12400000000 in China in the first half of the current fiscal year, putting the company slightly, of course, overshadowed by China's sales of $ 13300000000 accumulated in the preceding 12 months.
"China has a huge number of people moving into higher income groups, middle-class if you want, and this creates demand for goods," Cook said.
"There is a great way for companies to understand China, and we do all we can to understand it."
Cook said that Apple was the "mother of all Januaries," which included the launch of the iPhone 4 in China.
Apple is hustling to open more stores in China and said it was thrilled with their newly minted with China Telecom to provide service for iPhones.
"The Chinese market should really scare Apple's competitors," said Creative Strategies analyst Tim Bajarin of lead. "They have only been there a very short time and is already 12 percent of their total business."
Number of retail outlets selling Apple's gadgets are about 11,000, the number will double within two years.
"Apple is certainly a lot of money to invest in the Chinese market," said NPD analyst Stephen Baker. "They do what they must do to locate and invest in China."
Although China has been daunting for Silicon Valley companies such as Google or Yahoo, which specializes in services offered to the strong control the internet, Apple's gadgets give it a hip edge there.
"Since your iPhone is a status symbol in China," Bajarin said. "This is a big problem that Apple may introduce."
Status value may be set up in China, despite the popularity of the iPhone starting price of $ 800 without a service contract payments.
Apple has also done well-stitching software for the Chinese market.
"The key to Apple's success in recent years is the ability to design products for global markets," said Gartner analyst Michael Gartenberg. "The stakes are very high in China, but it shows that Apple is not just a U.S. phenomenon."
Apple's cache even trumped loyalty to the Chinese consumers have long been proven that local brands according to Baker.
"Other brands have had to go through the problems in China, whether TVs or computers or whatever," Baker said.
Chinese shoppers may be solace in the fact that Apple's gadgets are made in China, where the company has made many efforts to improve working conditions.
Although the treatment of workers cranking out iPhones or iPads has become an international center of attention, it is not likely to take decisions while playing the Chinese buyers, Bajarin said.
Teenage high school student in China sold a kidney transplant, and the illegal use of the proceeds to buy the Apple iPhone and the iPad, state media earlier this month.
17-year-old boy, who paid 22,000 yuan ($ 3,500), were recruited on the Internet chat, the Xinhua news agency said.
Apple sells its latest version of the iPad tablet computer in Hong Kong but not mainland China, where he has been there a legal battle over the rights of local business Proview product name.
Sales more than doubled iPads the same quarter a year earlier, and iPhone sales grew by 88 percent. Apple sold more than 35 million iPhones and 12 million iPads due to "an incredible quarter," China, Cook said.
Apple's profit on revenue $ 11600000000 $ 39200000000 quarter ended on 31 March
Apple updates the amount of money was increased to $ $ 12000000000 110,200,000,000th Apple's stock price has risen more than 10 percent of $ 611.19 through the day with a share Wall Street analysts are saying $ 700 was not out or reach.
China is second only to Apple's gadgets and U.S. demand is expected to reach the top quickly.
"China is a rapidly growing market with a rapidly growing middle class," Baker said. "This is where you want to be, because there are many people that they sell."

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