Wednesday, April 25, 2012

Apple’s Profit Nearly Doubles as iPhones Sales Soar - NYTimes.com

Time for RIM to recalc its (focus on sub-premium-price international markets) strategy again, apparently
"Mr. Cook said that Apple’s quarterly revenue from China was $7.9 billion, about 20 percent of total company revenue. Furthermore, that was triple Apple’s China sales in the same period a year ago. In contrast, Apple’s China sales during its last fiscal year were about 12 percent of total revenue. Two years ago, Apple sales in China were 2 percent.
“China has grown from a rounding error to a massive new market,” said Robert Cihra, an analyst at Evercore Partners. “Their premium price point clearly has not been any hurdle to them growing there.”"
Apple’s Profit Nearly Doubles as iPhones Sales Soar - NYTimes.com
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