In recent times, China has become an increasingly important market for Apple, which is evident from the company’s rapid retail expansion plans there. Many analyst and pundits had predicted that China will soon overtake United States in terms of iPhone sales for Apple sooner or later.
Well, it has finally happened as Apple sold more iPhones in China in Q2, 2015 than it did in the United States, according to Reuters.
Apple sold 61 million iPhones in Q2, 2015, which saw the Cupertino company make a net profit of $13.6 billion on revenues of $58 billion. On an year-on-year basis, Apple sold 40 percent more iPhones in Q2, 2015 than it did a year ago. The company’s revenue from China alone increased by 71 percent to $16.8 billion.
At its earnings call, Tim Cook, Apple’s CEO, said that China’s middle class population has helped in keeping the iPhone sales momentum alive. The sales of the iPhone were further helped by the Chinese New Year, and Apple opening five new retail stores in the country by the end of February.
Apple will continue to expand its retail presence in China, and is expected to open up 40 retail stores by the end of 2016.