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>> APPLE INC. Latest News

JAN 11, 2013 - Business Insider

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Apple CEO Says China Will Be A Bigger Market Than US

Jan. 11 (Bloomberg) -- Apple Inc. Chief Executive Officer Tim Cook said China will overtake the U.S. to become its largest market, as the iPhone-maker adds more stores and considers debuting new products in the country. “I believe it will become our first,” Cook said in an interview with state-owned Xinhua News yesterday. No timeframe was given for the prediction. The Cupertino, California-based company had $5.7 billion of sales in China during the quarter ended September. U.S. revenue was about $14.4 billion, based on figures in an Oct. 25 earnings statement. Cook also met the ... Read More

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