iPhone Sale in China: Yesterday, Apple Inc. (NASDAQ:AAPL) held its quarterly conference call for Q1 2013. While there were many details to discuss, a large number of people were most interested in learning more about the company’s smartphone sales.
It is safe to say that most were not disappointed.
Apple Inc. (NASDAQ:AAPL) Press Info
As reported by AppleInsider, “for the first fiscal quarter of 2013 Apple sold 47.8 million iPhones, nearly 11 million more than the 37 million over the same period in 2012.”
In simpler terms, Apple Inc. (NADAQ:AAPL) sold nearly 11 million more iPhones in the first fiscal quarter of 2013 as compared to the same period for 2012.
The article went on to add the following data:
“At the end of the three-month period ending in December, Apple sold 47.8 million iPhones compared to the 37 million moved over the same period last year, soaring above analysts’ expectations. Overall, revenues amounted to $30.6 billion in the last quarter of 2013, over $6 billion more than 2012’s $23.95 billion.”
With all of this information in mind, including a huge sales increase year over year, many people are wondering the same: why did this happen? What can we attribute this increase to?
China is the one region that is growing faster than the rest of the world. How about this: China experienced a year over year sales increase of 67 percent. A significant portion of that growth was attributed to positive iPhone sales, said Apple CEO Tim Cook.
There is a reason why Apple Inc. (NASDAQ:AAPL) CEO Tim Cook considers China to be a big part of the company’s future. Here is what he had to say: