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News Summary: Apple says China to be No. 1 market

The Associated Press

WHO'LL BE NO. 1?: Apple Inc. expects China to overtake the United States as its biggest market, CEO Tim Cook told the Xinhua News Agency, a Chinese government news organization. The report gave no details of when Cook thought China might pass the United States.

GAINING GROUND: Apple has said sales in China more than doubled in 2010 and 2011 though growth has slowed in the past year. The company's iPhones, iPads and other gadgets are popular with China's highest-earning consumers.

MASS APPEAL: Still, China's fast-growing smartphone market is dominated by handsets that use rival Google Inc.'s Android system.