Apple Inc. (NASDAQ:AAPL) Reports Record Smartphone Sales In China

Apple Inc. (NASDAQ:AAPL) is increasing its market share in Smartphone industry in China. As per the latest report, Apple reported record 25% of Smartphone sales in China. It is a significant achievement for Apple to capture a big market of world’s largest Smartphone market. Apart from China, the company reported strong growth in the U.S. and Europe.

Analyst predict major swings in the market… will it affect AAPL?

The numbers

Apple posted strong performance in China in the last quarter. The revenue surged 70% YOY to $16 billion. In urban China, iPhone 6 was reported as the best selling Smartphone in the quarter ending in January. The market share stood at 9.5%. The other company that outperformed in China was Xiaomi. Its Model Redmi Note secured second place after iPhone with 8.9% of sales in the same period.

Competition

Xiaomi overtook Samsung devices to lead China’s Smartphone industry in FY2014. Xiaomi models are affordable as compared to iPhone. The Redmi series, unlocked version is priced around $150 while flagship model Mi is priced around $300. Apple’s iPhone 6 is priced near to $650.

iPhone sales growth

Apple Inc. (NASDAQ:AAPL) was expected to post strong performance in China. However, the company made substantial progress in every country in the world. Its market share of sales in the U.S. stands at 43%, up 3.6% from the previous year. The sales of Android devices formed 52% of total sales, down 3.1% YOY.

The figures

Europe witnessed the same performance of Apple Inc. (NASDAQ:AAPL). The Android Smartphones formed 67.2% of total sales, down 2.2% YOY. The iOS share increased 3.2% to reach 21.9%. The sales figure came most extreme in the UK. The sales of iPhone devices surged 11.4% YOY to 40.1%. The Android Smartphones market share declined 7.7%. Apple’s iPhone 6 was the top seller in Japan, Italy, Germany and France, although Android topped iOS in almost every market. Android Smartphone manufacturer’s market share increased 5.8% whereas Apple’s share dropped 7.3% over the past year.

About the Author

Laurie, a long-time member of the US Markets Daily general assignment reporter who has covered a variety of subjects from breaking news to investigative features, from stock markets to politics, and from neighborhood small business to global warming.

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