Massive China market offers even more upside for Apple
Although Apple announced record revenue from its Greater China sales region this week, the company’s strategy has enough legs to push the market into the No. 1 spot on its books, analysts said today.
“It may take a couple of years, but China can become Apple’s biggest,” said Jan Dawson, chief analyst with Jackdaw Research.
The Americas, dominated by the U.S., remained Apple’s largest sales region in the March quarter, generating $21.3 billion or 37% of the $58 billion total. But Greater China — composed of the People’s Republic, Taiwan and Hong Kong — came in second with $16.8 billion, or 29%, supplanting the usual No. 2, Europe, for the first time.
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