Earnings in China Up 58%
It’s hard to believe that Apple was struggling in China two years ago, as the company has turned things around so dramatically since those darker days.
This time around, Apple set a June quarter revenue record for Greater China, with earnings rising to $14.76 billion — a 58.2% increase over Q3 2020.
According to Cook, the iPhone 12 Pro and the iPhone 12 Pro Max have been wildly popular in China, and Apple has been pulling in record numbers of brand-new customers for the iPad, Mac, and Apple Watch in that country. About two-thirds of Mac and iPad sales, and 85% of Apple Watch sales were made to new users.