In fiscal Q2 results released on Tuesday, Apple stated that soaring sales of the iPhone and iPad in China have helped the company nearly double its profit year-over-year.
The company stated it has shown 88 percent growth in sales of its iPhone product compared to Q2 2011, selling 35.1 million units. iPad sales increased 151 percent, with 11.8 million units sold.
Chief Executive Timothy Cook said in a conference call that China produced $7.9 billion in revenue for Apple just in the second quarter. This value made up nearly 20 percent of Apple’s entire revenue from Q2, and was triple the amount of sales in China in Q2 2011.
Some analysts had expressed concern with how Apple would perform in emerging Asian markets, but this report put them at ease. Societe Generale’s Andy Perkins said, “We believe that the results from China demonstrate that our concerns were misplaced, especially as we only saw sales from China Telecom and China Unicom for part of the quarter.”
China Telecom and China Unicom are two of the “big three” mobile providers in China. The third and largest provider, China Mobile Ltd., has over 600 million subscribers, but uses TD-SCDMA 3G technology, which isn’t used outside China and is not supported by Apple. The provider did sell iPhones to use at its Wi-Fi hotspots.
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