Apple released its Q3 earnings report today and though the numbers were disappointing as compared to the last year's same quarter, they were expected. But a point of interest from the report was Apple China sales that fell down by 33%. However a couple of points to consider before predicting doom to Apple are:
- Apple enjoyed a massive uptick in China sales, the last couple of years due to a few factors like inclusion of China Mobile as a network provider and before that, the introduction of larger screen iPhones
- There is a global slowdown in smartphone market it general and all companies have been affected by this slowdown
Tim Cook himself mentioned this in the earnings call today (via AppleInsider), "Commenting on the revenue dip, Cook reminded investors that current revenues compare against a backdrop of record-setting growth enjoyed over the past few years. Despite appearances, Apple's underlying business is stronger than results imply".
Also very apt to the saying, 'When one door closes another opens', Apple's iPhone sales numbers in India did surge by 51% (via AppleInsider). And this has been expected and was well planned in advance by Apple. Tim Cook has been actively involved in expanding Apple's presence in India the last couple of years as that is where Apple plans to expand next, now that the Chinese smartphone market seems to have saturated with iPhones!