Apple Q2 Greater China revenue increased by 21% Cook: iPhone X is most popular.

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 Apple Q2 Greater China revenue increased by 21% Cook: iPhone X is most popular.


NetEase technology news May 2nd, according to CNBC website reported that apple today released the 2018 fiscal year second quarter (as of March 31, 2018) earnings. The report shows that in the most competitive region of Greater China, the fiscal season is one of the strongest growth seasons in Apples history. Apple reported that revenue in the Greater China region was $13 billion in the second quarter, up 21% over the same period last year. This makes the companys revenues from Greater China basically equal to those from Europe. Apple CEO Tim Cook (TimCook) said that Apples latest iPhoneX is the most popular smartphone in the last quarter of China, at an analyst phone conference after the companys release. Analysts at Canalys, a market research firm, said the companys performance in the Greater China region was particularly impressive because the overall sales of smartphones in the region fell in the first quarter of this year. But Cook did not agree with a pessimistic view of the smartphone market in Greater China. I dont think this market is saturated, he said. I think in the history of the world, the market is the best market for consumer company. China is one of the most important and fiercely competitive markets of apple. It has become the focus of geopolitics increasingly when Sino US trade is becoming more and more intense. Larry Kudelo (LarryKudlow), director of the National Economic Commission (NationalEconomicCouncil), announced that Apple CEO Tim Cook visited the White House earlier this month and talked to President Trump on issues such as Chinas tariffs and the reform of the US tax system. With the growing popularity of Chinese local brands such as HUAWEI, millet and Oppo, and they are turning to high-end mobile phones, apple is facing more and more pressure on innovation. The company is one of the most vulnerable US companies affected by tension in Sino US trade relations, because the company has many supply chains and revenue sources in China. My personal view is that China and the United States inevitably interact with each other. Only if China wins, the United States will win, and the world won only if China and the United States win, Cook said at an analyst conference call. I firmly believe that China and the United States will be able to win a win-win situation and make the cake bigger and bigger, rather than just distributing it in different ways. Revenue from Japan was also strong in the second quarter, up 22% from a year earlier; revenue from the Americas increased by 17% from a year earlier; revenue from Europe increased by 9% from a year earlier; revenue from other parts of the Asia Pacific region increased by 4%. (Liu Chun) source: NetEase science and technology report editor: Wang Fengzhi _NT2541 The company is one of the most vulnerable US companies affected by tension in Sino US trade relations, because the company has many supply chains and revenue sources in China. My personal view is that China and the United States inevitably interact with each other. Only if China wins, the United States will win, and the world won only if China and the United States win, Cook said at an analyst conference call. I firmly believe that China and the United States will be able to win a win-win situation and make the cake bigger and bigger, rather than just distributing it in different ways. Revenue from Japan was also strong in the second quarter, up 22% from a year earlier; revenue from the Americas increased by 17% from a year earlier; revenue from Europe increased by 9% from a year earlier; revenue from other parts of the Asia Pacific region increased by 4%. (Liu Chun)