Apple exceeds sales expectations in China

Apple exceeded the quarterly sales target set in China. According to the sales report that was released earlier this year, their sales experienced a 57% growth of $21 billion. The sales growth was pushed by the release of the iPhone 12.  Even though China accounted for 20% of Apple's revenue in Q4 of 2020, the growth is a surprise as Apple does not have a good sales record in the Chinese market. Analysts also expected low sales volume because of the effect of the coronavirus pandemic on the Chinese economy.  China is a strategic market for Apple China is a strategic market for Apple because of... Read