“Apple Inc. Chief Executive Officer Tim Cook said China will overtake the U.S. to become its largest market, as the iPhone-maker adds more stores and considers debuting new products in the country,” Bloomberg News reports.
“‘I believe it will become our first,’ Cook said in an interview with state-owned Xinhua News yesterday. No timeframe was given for the prediction,” Bloomberg reports. “The Cupertino, California-based company had $5.7 billion of sales in China during the quarter ended September. U.S. revenue was about $14.4 billion, based on figures in an Oct. 25 earnings statement.”
Bloomberg reports, “Apple intends to open “many more” outlets in China over the next several years, Cook said in the Xinhua interview. The company now has 11 stores in China and Hong Kong. Cook also said he would also ‘love’ to introduce new products in China first, according to the report. The iPhone 5 was released in China in December, almost three months after the U.S. introduction.”
Read more in the full article here.
[Thanks to MacDailyNews readers too numerous to mention individually for the heads up.]