Replies to post #9585 on The Rising Influence of Rising Affluence

[DewDiligence]

AAPL’s 2Q15 sales in China increased 112% YoY to $13.2B:

http://www.bloomberg.com/news/articles/2015-07-21/apple-cfo-says-very-confident-in-china-after-market-turmoil

Chief Executive Officer Tim Cook has said he expects China to eventually become Apple’s largest market, and the company is rushing to double the number of retail stores the country by the middle of next year.

The success of the iPhone in China has helped increase the average price of smartphones in the country…to $263 in the first quarter of 2015 from $192 in the third quarter of 2014.

China’s economy can’t be all that bad.