It seems that China really is the fastest growing iPhone market in the world. The Financial Times have published a report that says Apple is about to announce that they have sold a larger number of iPhone handsets in China than in the whole of the US. The report says that analysts have estimated that Apple has reached a turning point following the success of the iPhone 6s release and the signing of a major deal with the largest network in the country, China Mobile.
Image : Chinese Sales of iPhone 6s Greaten than US
Tim Cook has long said that china would the single most important market for the company; more than 1.3 billion people live there, it is the second largest economy in the world and is responsible for 20% of Apple’s revenue. By the end of Q3 in 2014, Apple was seeing a market share of 18.1% while in the US nearly 50% of all smartphones sold were iPhones.
Two reasons for the surge in sales in China are that the iPhone 6s and 6s Plus began shipping in October 2014 and the deal with China Mobile was wrapped up in December. The latest quarter figures show that iPhone sales in China have jumped by 36%, compared to 24% in the US. The same period last year showed sales of 29% in the US and 22% in China.
Image : iPhone Sales China Statistics
Actual units sold are estimated at between 69 and 73 million and demand for the iPhone 6s and 6s Plus is still going strong across the world, not just in China. Another reason for the success rate in China is that Apple has expanded its presence in retail stores to 40 in the last 2 years with five of those opening since the beginning of this year alone. The latest and largest in Asia opened in Hangzhou on 24th January, the first one in the City.
Samsung on the other hand are suffering a decline of profits, not just in the wake of the large screened iPhones but to newcomer on the block Xiaomi, a low-cost tech company who are proving more than a match for the big boys.