Apple: China may possibly be an 'extremely exciting' marketplace for us

Apple: China may possibly be an 'extremely exciting' marketplace for us Apple CEO Tim Cook said today there is lots of space in your Cupertino, Calif.-based company growing in China.

"We continuously find it as a extremely exciting market," Cook said by carrying out a business call with analysts held after Apple disclosed its new earnings.

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Cook declared that Apple's revenue in China case for nexus 4 within the last few months was $5.7 billion, the bulk of its overall Asia-Pacific revenue of $7.5 billion. Apple's total China revenue for your fiscal year ending recently was $23.8 billion, he said, now comprising even more than 15 percent on the company's total sales.

While the iPad continues to be popular in China, the iPhone is almost not a market leader for the world's most populous country, which now accounts for approximately 27 percent of global smartphone sales. This country, by comparison, represents only 16 percent.

A report by analysis firm IHS in August said the iPhone possibly be No. 7 in China, behind typically less costly devices from Lenovo, Coolpad, Huawei, Nokia, and ZTE. Samsung features sizable 20.8 percent business, andAndroid powers a commanding 81 percent of China's smartphones.

Even worse for Apple, the iPhone's share of the market -- though he did this ahead of iPhone 5 was announced -- has slipped by nearly half, to 10 %, by August.

Cook predicted theiPhone 5 will ship to Chinese customers in December. "I feel good about where our company is regarding the manufacturing ramp," he was quoted saying. "The supply output is significantly more than October."

The iPhone has been available for purchase in China since late 2009.

In March, Apple confirmed that Cook was visiting China in order to with government officials, and she was spotted contained in the Joy City Apple Store in Beijing. Yesterday, Apple announced a completely new three-floor store in Beijing, cute Nexus 4 case which are its largest in Asia.