What pushes Apple’s sales? Nonetheless the Apple’s iPhone that has a strong market demand. Despite the release of the Apple’s watch to the public, Apple’s first new device after a span of five years it is still the demand for iPhone that pushes Apple’s sales.
Surprisingly, one particular country had help Apple boost its sales revenue for the second quarter of the year. Can you guess what specific country it is? It’s China.
Reality Beat Expectations
The fiscal second quarter ended March 28, Apple exceeded Wall Street expectations as its product lines such as its iPhone and Mac has set the record higher than predicted. Apple’s App Store all time performance were also reported and for the current period strong sales forecasted. Apple sold 61.2 million iPhones, up from 43.7 million in the year-earlier period but below the record 74.5 million sold in the previous holiday-bolstered quarter.
Analysts expected the company to sell 57.2 million iPhones in its second quarter, according to a poll by Fortune. Sales of the device drove Apple to report revenue up 27 percent to $58 billion, above the $56.08 billion anticipated by analysts polled by Thomson Reuters. Net income rose to $13.6 billion, or $2.33 a share, up from $10.2 billion, or $1.66 a share. Analysts had expected earnings of $2.16 a share.
“We’re seeing fantastic results for iPhone, with revenue growth of 55 percent year on year, and we’re seeing a higher rate of people switching to the iPhone than we’ve experienced in previous iPhone cycles,
He added that “strength in emerging markets especially Greater China, which passed Europe to become Apple’s second-biggest sales market buoyed the company’s financial results, with revenue up 58 percent.”
That is what the Apple CEO Tim Cook had said during a call with analysts. Based on the sales report, it is not Apple SmartWatch that pushes Apple’s sales rather it is still the Apple’s iPhone. More than two-thirds of Apple’s total revenue is from iPhone sales. Consumers are addicted to Apple smartphones that comes in with a larger screen maybe that explains why China has a big role in Apple’s revenue since Chinese have this kind of obsession over large screen smartphones.