Apple expects China soon to become a bigger market for its products than America. In the quarter ending in June, its sales in greater China were 112% up on the same period a year earlier. Six of its ten busiest stores across the globe are in China. At the height of the recent turmoil in the Chinese stockmarkets Apple’s boss, Tim Cook, reassured investors that “I continue to believe China represents an unprecedented opportunity over the long term.” Apple’s shares bounced back.
Read Full Article »
