Apple Sales up in China

For the first time Apple sold more iPhones in China than the United States. Apple’s iPhone sales in China skyrocketed recently, increasing the revenue in China by 71% to $16.8 billion. This was certainly helped by the upcoming Chinese New Year. Chief Executive Tim Cook also says that it’s a result of China’s expanding middle class.

In the last quarter, Apple sold a total of 61.2 million iPhones, up 40% from the year-ago quarter. It sold 12.6 million iPads, which is actually down 23% from a year ago.

As FBR Capital Markets analyst Daniel Ives said, “A 60 million-plus iPhone number is a home run and will be cheered by the Street as this remains the bread and butter of Apple.”

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