China could account for 1/3 Apple revenue in a couple years
“China accounted for 16 percent of fourth-quarter sales, or about $4.5 billion, Chief Executive Officer Tim Cook said on a conference call yesterday. Quarterly sales in China were up almost four times the year-ago level, he said.”
This is staggering. From http://www.appleinsider.com/articles/11/10/18/china_sees_ama… :
“In China, revenue rose from 2 percent in 2009 to 12 percent this year and 16 percent this quarter, thus making China “the fastest growing region by far.” Total revenue for China amounted to $15 billion for fiscal year 2011 compared to $3 billion in the previous year.”
That is just insane growth. At this rate, China could account for 1/3 of Apple’s revenue in a couple years.