Do you remember Apple Inc. (NASDAQ:AAPL) CEO Tim Cook talking about China being a big part of the company’s future? There is a reason why Cook is spending so much time in China.
According to research firm Flurry, China is now the biggest market for devices including the Apple iPhone as well as many that rely on the Android operating system.
Apple Inc. (NASDAQ:AAPL) Press Info
Before we get into the finer details, here is some information as to how the company collected its data:
“For this report, Flurry uses its entire data set, tracking more than 2.4 billion anonymous, aggregated application sessions per day across more than 275,000 applications around the world. Flurry estimates that it reliably measures activity across more than 90% of the world’s smart devices.”
AppleInsider did a great job breaking down the stats, showing the growth of Apple Inc. (NASDAQ:AAPL) devices in China:
“In January 2013, China's 221 million total active iOS and Android devices was about equal to the 222 million in the United States, according to Flurry.”
“From January 2012 to January 2013, the U.S. added 55 million new smart devices. Over the same period of time, China added nearly three times as many: 150 million new devices. Flurry's report estimates that, had it not been for the traditionally heavy holiday shopping season, China would have overtaken the U.S. two months ago.”
As you can see, the smart device market is really taking off in China. With more people overall and fewer than the United States not currently using these devices, there is much more room for growth in China.
Flurry does not expect the United States to regain the lead anytime soon. Here is what AppleInsider added:
“The only country that could come close is India, which has a population comparable to China's. India, though, currently stands at only 19 million active smart devices, by Flurry's estimate, and is not likely to challenge China in the near future. China and the United States each have more than five times the smart device install base of the next largest market, the United Kingdom.”
With this data, it appears that Apple Inc. (NASDAQ:AAPL) CEO Tim Cook was spot on with his assessment that China could soon become the company’s biggest market.
DISCLOSURE: I have no positions in any stock mentioned.
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