"In the world's most important market for smartphones, Apple's sales in Greater China in its fourth fiscal quarter nearly doubled from a year ago to $12.52 billion, accounting for nearly a quarter of its total revenue. 'We continue to have wonderful success there,' Apple's chief financial officer, Luca Maestri, told Reuters, adding that Apple now has 25 stores in China and is opening a new one roughly every month.
But China sales dipped from the fiscal third quarter, when Apple notched $13.2 billion in revenue there. The sequential decline is important as many analysts believe China is poised to replace the United States as Apple's biggest market."
Read more here!