Apple's Bright Spot In China - Not Really That Bright
by Sarfaraz A. Khan
World's leading smartphone manufacturer Apple Inc (AAPL) has recently released its quarterly results that disappointed the investors as its stock tumbled and Exxon (XOM) - temporarily - recaptured the crown of the world's biggest listed company. In mid-day trading on 25th January, Apple's stock fell by 2.32% to $440.4 per share as Exxon surpassed Apple's market cap by $5.23 billion. The sole "bright spot" in Apple's earnings was China. The country is Apple's third biggest market behind Americas and Europe. Apple's quarterly revenues in China (including from Hong Kong and Taiwan) increased by 67% from last year to reach $6.83 billion. This was the biggest revenue jump that Apple reported out of all of its geographic segments. read more »
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