Tim Cook is interested in new markets in Asia especially China
The number of applications from China is expected to continue to increase as Apple expands its reach in the world's most populous country. Apple said that Asia will be the market that the company wants to expand in the near future. Apple's overall growth in China is 20% and revenue growth in the first quarter is 31%. In early 2014, Apple partnered with the world's largest operator, China Mobile, to start selling iPhone 5S and iPhone 5C.
Other figures announced by Apple are also impressive. The company sold 51 million iPhones in the past quarter, the first time the iPhone accounted for the highest revenue of $ 50 million. iPad continues to own the tablet market when sales rose from 22.9 million units in the same period last year to 26 million units this quarter. 80% of Apple's mobile devices run iOS 7.
Cash that Apple owns continues to increase from $ 147 billion in the previous quarter to $ 158.8 billion in the last quarter. Revenue of USD 7 billion in the quarter comes from 420 stores worldwide attracting 114 million visitors. On average, each store generated USD 16.7 million in revenue in the quarter with 21,000 customers per week.