China to Be Apple Biggest Market?
Apple expects China to overtake the United States as its biggest market, CEO Tim Cook has told a Chinese government news agency.
“China is currently our second largest market. I believe it will become our first. I believe strongly that it will,” Cook said. Apple spokespeople in China did not immediately respond to a request for comment.
Apple has said sales in China more than doubled in 2010 and 2011 though growth has slowed in the past year. Apple’s iPhones, iPads, and other gadgets are popular with China’s highest-earning consumers but its fast-growing smartphone market is dominated by handsets that use rival Google’s Android system. Cook was in Beijing to meet with Chinese regulators and managers of state-owned China Unicom, the first Chinese carrier to support Apple’s iPhone.
Xinhua said Cook did not respond to rumors Apple might be developing a lower-cost iPhone for developing markets such as China.
Also in Beijing, Cook met the chairman of China Mobile, the world’s biggest phone carrier, with more than 700 million subscribers. China Mobile has no agreement to support the iPhone, adding that as a partner it would help Apple increase its appeal in China.
China Mobile chairman Xi Guohua and Cook discussed “bilateral cooperation,” the phone company said in a statement. It said release of other details was barred by a confidentiality agreement between the companies. China Mobile’s network already is used by several million customers who brought in unlocked iPhones from abroad.
Apple opened a multi-story flagship store on a prominent corner in Beijing’s busy Wangfujing shopping district in October, raising its number of mainland retail outlets to 11. Independent stores also resell Apple products. According to Xinhua, Cook responded to complaints about wages and other work issues at Foxconn, the Taiwanese company that assembles Apple’s products in vast factories in China, by saying his company enforces strict codes of conduct for its suppliers. “We care very deeply about every worker that touches an Apple product, whether they are making it, selling it, servicing it, or marketing it. We hold ourselves to a very high standard there,” he added.
This story originally appeared in FLARE.
Copyright (C) 2013 LexisNexis, a division of Reed Elsevier Inc. All Rights Reserved.
Latest posts by News Release (see all)
- MikroElektronika Intel Joule click shields - May 10, 2017
- Right Angle Board-to-Board Battery Connectors Suit High Shock and Vibration Applications - May 10, 2017
- Compression Pulling Head Family Offers Six Sizes - May 3, 2017