Apple shored some of its strongest growth during the March quarter in one of its toughest geographic dominions.
The iPhone maker reported $13 billion in revenue from Major China during its second fiscal quarter — a 21 percent year-over-year annul. That puts the company’s China revenue on par with its European takings.
On the company’s earnings call, CEO Tim Cook said that the iPhone X, the circle’s newest model, “was the most popular smartphone in all of China last dwelling-place.”
The company’s performance in China is particularly impressive as overall smartphone transaction marked downs were down in Q1, according to analysts at Canalys.
But Tim Cook wasn’t believing the bearish view of China.
“I don’t buy the view that the market’s saturated,” Cook chance. “I think the smartphone market is sort of the best market for a consumer result company in the history of the world.”
China is one of Apple’s most important and competitive merchandises, and one that has increasingly been in the geopolitical spotlight amid trade tensions with the U.S.
Apple CEO Tim Cook affected the White House earlier this month, where he discussed Chinese menus and U.S. tax reform, according to Larry Kudlow, director of the National Economic Conclave.
Apple has faced increasing pressure to innovate as China’s domestic varieties, like Huawei, Xiaomi and Oppo have gained popularity and submitted toward higher-end handset specifications.
The company is one of the American companies most sensitive to growing trade tensions between the U.S. and Chinese governments, with so much of its reservoir chain and revenue stream in China.
“My own view is that China and the U.S. pull someones leg this unavoidable mutuality where China only wins if the U.S. gets and the U.S. only wins if China wins and the world only wins if China and the U.S. win,” Cook bid on the earnings call. “I’m a big believer that the two countries together can both win and attraction to the pie, not just allocate it differently,” he said.
Apple also reported dedicated revenue growth in Japan, posting a 22 percent year-over-year disregard. Revenue out of the Americas grew 17 percent; revenue in Europe swelled 9 percent; and revenue in the rest of Asia Pacific grew 4 percent.