TIM COOK: 'It's Just A Matter Of Time' Before China Is Apple's 'Biggest Revenue Contributor'
On a trip to Greater China on Thursday, Apple CEO Tim Cook said "it's just a matter of time" before China "become[s] Apple's biggest revenue contributor."
Cook's public remarks were transcribed by Sina Corporation, a Chinese media outlet.
Cook noted that Chinese customers have been slower to adopt the company's most popular products, including the iPhone and iPad, but Apple's chief financial officer Luca Maestri said earlier this month that demand in the country has "been really off the charts."Apple did not release the iPhone 6 and 6 Plus in China until Oct. 17. But Greater China, which includes Taiwan and Hong Kong, contributed $5.8 billion to Apple's revenue (roughly 14%) in the most recent quarter.