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Apple Inc. Message Board

  • squeezetracker squeezetracker Feb 16, 2013 10:56 AM Flag

    Bloomberg: AAPL IPhones/iPad Sales Booming in China

    See full article on Bloomberg -- sales of iPhones and iPads in China are surging in many Chinese cities monitored by the Ministry located in Nanjing. Great news for after following the Chinese ministry urging citizens to exercise restraint on restaurant, beverage and fireworks consumption for the Chinese NY celebrations resulting in less sales yoy in those sectors, but sales of AAPL products are booming in many Chinese cities being monitored by the Ministry.

    Restaurant Sales
    Sales of “high end” electronics, including Apple Inc.’s iPad and iPhone, jumped 36 percent in shops monitored by the ministry in the eastern city of Nanjing, according to the statement. In contrast, spending at “high-end” restaurants in the eastern province of Zhejiang dropped by more than 20 percent, the ministry said.
    The data are based on sales at “major retail and restaurant outlets” monitored by the ministry, according to yesterday’s statement, which didn’t specify the number of stores or whether the figures were adjusted for inflation. The cities of Beijing, Shanghai and Nanjing, and the central and eastern provinces of Shandong, Henan, Hebei, Zhejiang and Hubei were mentioned in the report.

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