iPhone Sale in China: China Helps Drive Apple iPhone Sales

iPhone Sale in China: Yesterday, Apple Inc. (NASDAQ:AAPL) held its quarterly conference call for Q1 2013. While there were many details to discuss, a large number of people were most interested in learning more about the company’s smartphone sales.

It is safe to say that most were not disappointed.

Apple Inc. (NASDAQ:AAPL) Press Info

As reported by AppleInsider, “for the first fiscal quarter of 2013 Apple sold 47.8 million iPhones, nearly 11 million more than the 37 million over the same period in 2012.”

In simpler terms, Apple Inc. (NADAQ:AAPL) sold nearly 11 million more iPhones in the first fiscal quarter of 2013 as compared to the same period for 2012.

The article went on to add the following data:

“At the end of the three-month period ending in December, Apple sold 47.8 million iPhones compared to the 37 million moved over the same period last year, soaring above analysts’ expectations. Overall, revenues amounted to $30.6 billion in the last quarter of 2013, over $6 billion more than 2012’s $23.95 billion.”

With all of this information in mind, including a huge sales increase year over year, many people are wondering the same: why did this happen? What can we attribute this increase to?

China is the one region that is growing faster than the rest of the world. How about this: China experienced a year over year sales increase of 67 percent. A significant portion of that growth was attributed to positive iPhone sales, said Apple CEO Tim Cook.

There is a reason why Apple Inc. (NASDAQ:AAPL) CEO Tim Cook considers China to be a big part of the company’s future. Here is what he had to say:

“In terms of the geographic distribution, we saw our highest growth in China. It was into the triple digits, which was higher than the market there. We’re extremely pleased.”

And what about the rumors that the iPhone 5 has been subjected to component cuts? This information has been floating around for a few weeks now. Here is what Cook had to say about it, quoted in the same AppleInsider piece:

“I know there have been rumors on order cut. I would think it would be good to question any rumor.”

Thanks to the growing market in China, Apple Inc. (NASDA:AAPL) iPhone sales obliterated the mark set during the same period last year.

What do you expect in Q2 2013? Share your thoughts on what the future holds in the comments section below.

Check back here for more updates on iPhone Sale in China.

DISCLOSURE: I have no positions in any stock mentioned.

For more Apple news stories, visit these links:

Apple Inc. Awarded Content Magnification Patent

Apple Inc. and Verizon, Working Well Together

Apple Inc.’s iOS Continues to Lead Smartphone Market