Apple jumped 58% in China, and Cook was happy: Chinese consumers love the iPhone 12

Spark Global Limited reports:

Spark Global Limited reports:

Talking about the iPhone, many people like to use “really fragrant” to describe it, that is, every time it is released, people will joke that it is ugly, expensive and not worth buying, but in fact, they are buying it in the end.

It was the same after the release of iPhone12 last year, and because Huawei’s chips were banned, many people said that they would boycott Apple and buy Huawei instead of iPhone. If there is no Huawei to buy, they will buy domestic machines instead of Apple.

But the reality always tells us, a lot of people really just lip service, in fact, still feel apple fragrance, in panic buying, in the words of the net friend, may be a business mouth, buy apple is life.

Apple’s fiscal q3 2021 (Q2 2021) results, released after the us stock market closed on July 27, proved that apple is selling too well in China.

Apple reported a 36 percent year-over-year increase in revenue to $81.4 billion, its best third ever. The net profit was as high as 21.744 billion US dollars, nearly doubling year-on-year, and the gross profit margin reached an astonishing 43.3%, the highest in 10 years.

In the quarter, the iPhone remained very strong, with sales of $39.57 billion, or about half of revenue, up nearly 50% from a year earlier.

Don’t think all of those iphones were sold in Europe or the US, but China also played a big role. Revenue in Greater China grew an impressive 58 per cent. “The response to the iPhone 12 Pro was particularly strong in China,” Cook said.

In fact, according to Counperpoint, Apple’s sales in China jumped 42% in q2 2021, putting it in fourth place with a 14% share, up five points from the previous quarter.

Apple’s sales of airPods, macBooks, Apple Watch and so on are also expected to do very well in China. Combined with Appstore revenue, Apple’s revenue in China has increased by 58%.

What do you think about that? I think it’s because of huawei. The P50 is delayed and the Mate40 is in short supply. A lot of people who want to buy high-end phones end up buying apple, don’t you think?