Apple Becomes No.1 Smartphone Brand in China in Q4 [REPORT]

By Anuj

| Published: Thursday, January 29, 2015, 10:27 [IST]

For years, the tech giant from Cupertino rivals Samsung and other notable players in China. Despite many repeated attempts to take control the market, Apple was not been able to taste success. But Apple on Tuesday, the company finally shared some positive news.

The tech giant reported $16.1 billion in revenue from "greater China" alone- which includes mainland China, Hong Kong and Taiwan - in its first fiscal quarter, up 70% from the same period a year ago.

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Now, a new research data from Canalys suggests that Apple is now the No.1 smartphone player in China in Q4, beating the likes of Samsung, Xiaomi, Huawei and others.

The recent success of the iPhone 6 and iPhone 6 Plus helped Apple to increase its foothold in China. Apple said it sold 74.5 million iPhones in the quarter, as many as 12 million more than expected.

This also led to increasing overall profit to $18 billion and revenue to $74.6 billion. In the same quarter a year ago, the company had profit of $13.1 billion and revenue of $57.6 billion.

Tim Cook, Apple's CEO, said, the new iPhones had attracted the highest number of customers who switched from an Android device.

It's an incredible market," Mr. Cook said in context to China. "People love Apple products. And we are going to do our best to serve the market."

Interestingly, sales of iPhones were actually slipping badly. In fact, last year, Apple was not even among the top 5 smartphone players in China.

For Apple, China is, and will be an important market for the future growth. With iPhone sales expected to be stagnant in the US and parts of Europe, Apple is going to invest heavily in China.

Stay tuned to GizBot for more updates!