Apple Posts Massive Revenue Growth in China

Apple on Tuesday posted six times hike in its revenue during the third quarter from its earnings in the region of greater China.

According to tech website PCWorld, the Cupertino, California-based Apple Inc. announced its quarterly result during a press call yesterday and revealed that the company saw huge growth in the regions of China, Hong Kong and Taiwan, thus boosting its sales revenue to $3.8 billion.

Tim Cook, the chief operating officer of the company addressed the earnings call. Cook stated that China is the main factor in the tremendous hike in company’s revenue this fiscal quarter, which is $28.57 billion, nearly 82 percent increase when compared to the same period last year.

"This has been a substantial opportunity for Apple, and I firmly believe we are just scratching the surface right now. I believe there is an incredible opportunity for Apple there." Cook stated.

Sales chart reveals that Apple’s latest iPhone 4 has been the key factor is driving its sales upwards. Within the first three months of the year, iPhone 4’s sale were up by 250 percent when compared to the sale chart during same period in the year 2010. Apple officially launched its iPhone 4 in the country in September last year.