• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Apple's Sales Growth in China Driven by iPhones and Macs

user avatar

by Giorgi Kostiuk

15 hours ago


Apple has reported its first increase in sales in China in two years, driven by higher demand for Mac computers and iPhones. The company's revenue reached $15.4 billion in the quarter, up 4.4% from previous figures.

Increased Demand for Macs and iPhones

Chinese consumers have become the main drivers of growth in the Mac category, including the MacBook Air and MacBook Pro. CEO Tim Cook noted that the MacBook Air was the top-selling notebook in China, with strong sales for the iPhone in urban areas as well.

Impact of Subsidies and Trade-in Programs

Tim Cook pointed out that government subsidies for electronics, including smartphones, may have bolstered consumer demand. Earlier in January, China extended its national trade-in program to include personal electronics as well, which could have encouraged further purchases.

Overall Performance and Future Projections

Apple's overall revenue in June surged by 9.6% to $94 billion. However, there are concerns about changing consumer preferences towards screen-less devices, which could impact future sales. Nevertheless, revenue from iPhone sales exceeded expectations, reaching $44.6 billion.

The increase in Apple's sales in China may signal a sustainable interest in the company's devices, but economic conditions and changing preferences remain significant factors affecting future outcomes.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

DeFi Regulation: A New Look at Innovation and Legislation

chest

An overview of the DeFi Education Fund's initiatives for creating clear and thoughtful regulation for decentralized finance.

user avatarGiorgi Kostiuk

Elon Musk as a Modern Innovator: Comparison to Einstein and Jobs

chest

Keith Fitz-Gerald compares Elon Musk to Einstein and Jobs, highlighting his impact on various industries and Tesla's market connection.

user avatarGiorgi Kostiuk

Metaplanet Files for ¥555 Billion Share Issuance to Boost Bitcoin Investments

chest

Metaplanet has filed for a share issuance to increase its Bitcoin holdings to 210,000 BTC by the end of 2027.

user avatarGiorgi Kostiuk

SEC Initiates 10-City Tour for Crypto Regulation Discussion

chest

SEC begins a 10-city tour focusing on cryptocurrency regulation, emphasizing startups and regulatory framework development.

user avatarGiorgi Kostiuk

OpenAI Raises $8.3 Billion in New Funding Round

chest

OpenAI raised $8.3 billion, increasing its valuation to $300 billion, setting new records in technology and investment sectors.

user avatarGiorgi Kostiuk

U.S. Treasury Secretary on 'Golden Era of Crypto' and New Initiatives

chest

U.S. Treasury explores blockchain and cryptocurrencies to optimize the financial system and enhance inclusivity.

user avatarGiorgi Kostiuk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.