Apple Inc beat Wall Street’s revenue and profit forecasts as it sold more iPhones in China than the United States for the first time,
Apple’s iPhone sales in China soared, increase its revenue in the country about 71 percent to 16 billion U.S Dollars ,
In a Press conference called by Chief Executive Tim Cook said that China’s expanding middle class is fuelling iPhone sales there, which is the bulk of the company’s sales. The iPhone 6 was launched last autumn in China with a number of carriers.
When they expand the store footprint and they bring out more models we’re going to see the numbers accelerate even greater and there are still parts in Asia, including India, where Apple doesn’t yet have any significant penetration
Apple sold more than 61 million Iphones
Apple’s big screen iPhone 6 and 6 Plus have been popular around the World, helping them to overtake rival Samsung in global smartphone sales last quarter
The most valuable publicly traded U.S. Company raised its quarterly dividend almost 11 percent to 52 cents per share and boosted its share repurchase programme to 140 billion Dollars from $90 billion Dollars announced last 2014.
Apple gave no sales figures for its recently released Apple Watch,