From Seeking Alpha
The world's leading smartphone manufacturer Apple Inc (AAPL)
has recently released its quarterly results that disappointed investors as its
stock tumbled and Exxon (XOM) - temporarily - recaptured the crown of the
world's biggest listed company. In mid-day trading on 25th January, Apple's
stock fell by 2.32% to $440.4 per share as Exxon surpassed Apple's market cap
by $5.23 billion. The sole "bright spot" in Apple's earnings was
China. The country is Apple's third biggest market behind the Americas and
Europe. Apple's quarterly revenues in China (including from Hong Kong and
Taiwan) increased by 67% from last year to reach $6.83 billion. This was the
biggest revenue jump that Apple reported out of all of its geographic segments.
Apple is clearly having an impact on this market, but so
far, its numbers aren't really impressive. Here, it faces intense competition
from Samsung (SSNLF.PK), Lenovo (LNVGY.PK), Huawei, Coolpad, ZTE (ZTCOF.PK) and
Xiaomi Technology.
The Chinese smartphone market is growing and growing fast.
In the
final quarter of last year .... read more
