Despite Late iPad Launch, Apple's China Revenue Grows
Apple's revenue for China saw robust growth in its fiscal third quarter, as iPhone sales continued to boom, even though the company delayed the launch of its new iPad in mainland China.
For the quarter ended June 30, revenue for "Greater China", which includes the mainland, Hong Kong and Taiwan, reached US$5.7 billion, said Apple's CEO Tim Cook during a Tuesday earnings call. This was a 48 percent increase over the same quarter last year.
The company's revenue for the quarter was however down by 28 percent from the previous quarter, when Apple's Greater China revenue reached $7.9 billion. Revenue in the previous quarter was boosted by the launch of the iPhone 4S in January, first through carrier China Unicom, and then China Telecom in March.