As I’m sure you’ve heard by now, Apple held its quarterly earnings call earlier today. The iPhone maker has gradually building a presence in Great China, as demonstrated by the numbers coming from today’s announcement. Apple first began publishing statistics for Greater China last quarter of this year, reporting an impressive 67% year-over-year growth in revenue. This quarter, Apple also saw growth in the region. More specifically, 8 percent year-over-year which amounts to $8.2 billion in revenue..
This wasn’t Apple’s strongest region ( Asia Pacific grew 26 % year-over-year and Japan jumped 19% year-over-year), but Apple CFO Peter Oppenheimer did confirm that that iPad sales more than doubled year-over-year in Greater China. Furthermore, earlier this year, Tim Cook actually predicted that Greater China will eventually surpass the United States to be Apple’s largest market.
It’s also worth noting that the March quarter marks the first full quarter of Chinese iPhone 5 and iPad mini sales. Both gadgets went on sale in China in December, the back end of the first fiscal quarter. There’s also been some legal trouble with the Chinese government regarding Apple’s warranty policies that eventually led to a formal apology from Apple as well as an alteration of its warranty practices. All of this should be considered when examining Apple’s earnings in Greater China.