China is now Apple's top foreign market
Getty Images/Feng Li
In today's earnings report, Apple said that revenue from the Greater China region was $16.8 billion, ahead of Europe, which came in at $12.2 billion. The United States is still the company's biggest region with $21.3 billion in sales.
Last quarter, Apple boasted of doubling its Chinese revenues year over year, and said that over 70% of iPhone buyers in China were first-time buyers, meaning the market was not close to saturated yet.
Last quarter, China lagged Europe $16.1 billion to $17.4 billion. For all of Apple's 2014 fiscal year, which ended Sept. 30 of last year, China accounted for only $29.8 billion versus $40.9 billion in Europe.
- 2 states where home prices are falling because there are too many houses and not enough buyers
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- BenQ Zowie XL2546X review – Monitor for the serious gamers
- 9 health benefits of drinking sugarcane juice in summer
- 10 benefits of incorporating almond oil into your daily diet
- From heart health to detoxification: 10 reasons to eat beetroot
- Why did a NASA spacecraft suddenly start talking gibberish after more than 45 years of operation? What fixed it?