Apple had a blowout quarter in China. However can its success there proceed?

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Apple had a blowout quarter in China. However can its success there proceed?

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Sales in the greater China region grew a whopping 57% from the same period in the previous year, topping more than $21 billion, thanks to strong demand for the iPhone 12. The results marked a big win in a key market for Apple (AAPL) — China sales made up nearly 20% of the company’s total revenue in the quarter.

But the iPhone maker hasn’t always been able to count on such a strong performance in the market.

Yet analysts are optimistic that Apple’s success in China in the most recent quarter was not an anomaly.

“China was kind of like a thorn in Apple’s side,” said Dan Morgan, senior portfolio manager at Synovus Trust Company. “Now, the pendulum has completely swung to the other side.”

A key market

Though sales in China haven’t always been steady in recent years, the market remains a crucial one for Apple.

The country’s large middle class has big spending power. Mobile applications for services such as shopping and banking are especially popular with Chinese consumers, creating the…



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