iPhone and iPad boom in China as Apple pays out $2.5 billion to its developers

China earns Apple $16.8 billion

iPhone and iPad boom in China as Apple pays out $2.5 billion to its developers

Apple is strengthening its hold on the Asian market, if its just-released financial results for Q2 2015 are anything to go by.

While the Californian company revealed a quarterly revenue of $58 billion (alongside a net profit of $13.6 billion) 69 per cent of that revenue came from overseas sales.

Of that, $16.8 billion flowed in from China; that’s up 77.8 percent year-on-year.

Indeed, for the first time, Apple sold more iPhones in China than the US. 

Apple of the eye

The results were shared in the company’s Q2 earnings call, and CEO Tim Cook was keen to stress that the uptick is result of Apple’s fortification of its Chinese infrastructure.

The technology behemoth has been rolling across the country planting new Apple Stores in its wake, bolstering the Chinese App Store whose revenue has reportedly tripled year-on-year, and introducing UnionPay as a buying option for customers.

Across the board, all Apple products were performing well in the Chinese market. While Cook said that the iPhone pulled in the biggest numbers, the iPad also had its strongest-ever quarter in China, and Mac sales had spiked by 31 percent.

On top of that, Cook claimed that Apple has paid out nearly $2.5 billion to Chinese app developers over the past year.

Those wanting some insight into Apple Watch sales, meanwhile, were disappointed. While Cook acknowledged that demand currently outstrips supply, he refused to provide specific sales figures since the smartwatch launch falls into what Apple terms Q3 2015.

News Editor