WSJ: “Not long ago, Asia Pacific was all but a footnote in the financial statements of technology juggernaut Apple Inc. But no more.
Apple’s sales in the fast-growing region, fueled largely by China, more than doubled and represented 26% of its $39.2 billion in sales for the first three months of the year. IPhone sales in mainland China increased fivefold from the year-ago period and more than doubled in Japan.
Asia Pacific came within striking distance of becoming Apple’s largest revenue source in the fiscal second quarter. The company took in $10.2 billion in sales for the region for the first three months of the year, compared with $13.2 billion for the Americas, long its biggest source of revenue. Apple breaks out Asia Pacific separately from Japan, where sales nearly doubled to $2.6 billion.
Its a dramatic transformation considering Apple didn’t include Asia Pacific in its geographic breakdown until it reported results for the three months ended December 2009. That’s the quarter when Apple released the iPhone in China, more than two years after the U.S. debut. Apple has also yet to ship its new iPad in mainland China, selling 11.8 million of the tablets globally in the latest quarter.”
via For Apple, China Is Middle Kingdom – WSJ.com.
So China is rapidly becoming not only the producer but also consumer of high-tech electronic consumer products!
CHINDIA ALERT: You'll be living in their world, very soon 