Retail in Asia

In Trends

Apple’s profit surges as iPhone sales jump and China business rises

Apple’s growth engine has now shifted unmistakably to China.

The company said on Monday that quarterly iPhone sales in greater China, which includes mainland China, Hong Kong and Taiwan, had surpassed those in Apple’s home market, the United States, for the first time.

While Apple did not disclose specific numbers, the performance powered the company’s revenue, with sales in greater China rising 71 percent to USD16.8 billion in the fiscal second quarter compared with the same period last year. Revenue from greater China also exceeded that from Europe for the first time.