Apple‘s sales in greater China passed those of Lenovo for the first time in the second quarter of 2011.
Demand for Apple’s products — including iPhones, iPads and Mac computers — in China drove sales in the second quarter, putting the company’s sales in at $3.8 billion, a sixfold increase from last year.
While Lenovo has been the fastest growing company in the PC industry for the past seven quarters and even experienced a growth rate of 23.4% in China from a year ago, its sales only amounted to $2.8 billion in Q2 in greater China — which includes Hong Kong and Taiwan — putting it behind Apple.
While Bloomberg analysts speculated on Apple having surpassed Lenovo in late July, it wasn’t until Thursday that results from the two companies confirmed the report.
Apple China has been making headlines left and right this year. In June, China became the second largest market for downloads in Apple’s App Store, according to an independent study. And in May, the high demand for the iPad 2, caused it to sell out in 4 hours after arriving in Beijing.
The company has been facing intellectual property issues in China, as well. The high demand for Apple products has led to a massive presence of fake Apple stores. Recognizing Apple’s copyrights, the Chinese government has been cracking down on a number of fake Apple stores as of late.
Image courtesy of iStockphoto, Bo1982
[via: Financial Times]
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Posted on Thu, 18 Aug 2011 11:51:04 +0000 at http://feeds.mashable.com/~r/Mashable/~3/XjMCO29gJOM/
Comments: http://mashable.com/2011/08/18/apple-lenovo-china/#comments
Demand for Apple’s products — including iPhones, iPads and Mac computers — in China drove sales in the second quarter, putting the company’s sales in at $3.8 billion, a sixfold increase from last year.
While Lenovo has been the fastest growing company in the PC industry for the past seven quarters and even experienced a growth rate of 23.4% in China from a year ago, its sales only amounted to $2.8 billion in Q2 in greater China — which includes Hong Kong and Taiwan — putting it behind Apple.
While Bloomberg analysts speculated on Apple having surpassed Lenovo in late July, it wasn’t until Thursday that results from the two companies confirmed the report.
Apple China has been making headlines left and right this year. In June, China became the second largest market for downloads in Apple’s App Store, according to an independent study. And in May, the high demand for the iPad 2, caused it to sell out in 4 hours after arriving in Beijing.
The company has been facing intellectual property issues in China, as well. The high demand for Apple products has led to a massive presence of fake Apple stores. Recognizing Apple’s copyrights, the Chinese government has been cracking down on a number of fake Apple stores as of late.
Image courtesy of iStockphoto, Bo1982
[via: Financial Times]
More About: apple, china, lenovo, salesFor more Tech & Gadgets coverage:Follow Mashable Tech & Gadgets on TwitterBecome a Fan on FacebookSubscribe to the Tech & Gadgets channelDownload our free apps for Android, Mac, iPhone and iPad
Posted on Thu, 18 Aug 2011 11:51:04 +0000 at http://feeds.mashable.com/~r/Mashable/~3/XjMCO29gJOM/
Comments: http://mashable.com/2011/08/18/apple-lenovo-china/#comments