Apple’s Revenues Are On A High Trend Again In China

Apple’s Revenues Are On A High Trend Again In China

The Q4 performance by Apple ensured a $900 billion valuation, all this in a period where strong growth in the Chinese market has also resurfaced recently.

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The phenomenal Q4 performance by Apple ensured a $900 billion valuation, all this in a period where strong growth in the Chinese market has also resurfaced after a tumultuous past few years.

A 41 percent increase in shipments to China had previously been reported by analysts in this growth period. Latest reports indicate that the revenue has also risen where total sales in Hong Kong, Taiwan, and Singapore – an area Apple refers to as Greater China – grew by 12 percent. The reported $9.8 billion figure indicates a quarter-on-quarter growth of up to 22 percent.

According to CEO Tim Cook, these sales are attributed to the new iPhone 8 as well as record sales in Macs during the period. Other services by Apple factored in as well. Cook revealed that an increased market share, growth in iPad revenue, and purchases of new iPhones led to this year-over-year growth.
Despite these positive growth reports, Apple is yet to replicate its peak revenue figures reported two years ago in the Chinese market. During that time, the new iPhone 6 and iPhone 6 Plus were responsible for the $12.51 billion revenue figure.

There is still skepticism by analysts on how Apple’s performance in China will be like in the long-run despite the success of the iPhone X. The iPhone X has been heralded for its innovative design and focus on being a luxury device. The limited availability of the phone and its astronomical price are key issues that have made many analysts develop doubt on the phones long-run performance.

According to Mo Jia, an analyst at Canalys, it is less convincing that Apple will sustain the growth in Q4. Even though the iPhone X will launch in the course of the week, its supply and price are discouraging. The iPhone X will likely sail steadily in the market because of its popularity even though that will not translate to good tidings for Apple.

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