Apple's second biggest market is now China, not Europe
Apple opened five new stores in China during the first quarter of this year, part of a plan to add 40 new retail locations across the country by 2016. Analysts estimated that China was already the biggest purchaser of iPhones in terms of the number of units sold. But this quarter the revenue generated in China passed Europe to become Apple’s second biggest market after The Americas. The company reported $16.823 billion in revenue for Greater China, up 71 percent year over year. It was also the only territory to show positive growth over last quarter’s blowout numbers.
A rising middle class with a taste for goods that convey status has made China one of the most voracious consumers of new Apple products. “You can tell we are…
Source:: The Verge
