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iPhone market in China grows 75pc year-on-year as mainland and Hong Kong first to get 6S on September 25
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The market for Apple's iPhone grew 75 per cent in mainland China year-on-year, chief executive Tim Cook revealed on Wednesday.
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Speaking at the unveiling of the iPhone 6S and iPad Pro, Cook said the China growth rate was more than double that in other markets. Apple is the third largest smartphone brand in China, behind domestic rivals Xiaomi and Huawei.
The greater China region – which includes the mainland, Hong Kong, and Taiwan – is Apple's second-largest market after the Americas. In the company's earnings for the third quarter of 2015, revenue from the region increased 112 per cent to US$13.2 billion.
"China represents an unprecedented opportunity," Cook wrote in a letter to CNBC's Jim Cramer after Apple stocks dipped on investor concern over the Chinese economy.
Cook said Apple "continued to experience strong growth for our business in China through July and August", two months in which the country's stock markets fell by more than 20 per cent, wiping out all gains made during the year.
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