Apple is still making a name for itself in its new China sales market as it contends with other companies that offer less expensive choices The Street reported Wednesday.
Apple's shares showed a 0.29 percent decrease to $544.50 Wednesday, while its sale percentage in China increased seven percent during last year's fourth fiscal quarter The Street reported. Numbers the previous quarter were six percent.
"We had some very, very strong sales on iPad," Tim Cook Apple CEO told The Street. "IPads in greater China were up 64 percent year over year, Macs were up 28 percent. This compares to a tablet market in China that's growing at 21 percent per IDC, and a PC market that is contracting by 7 percent," Cook told The Street. "And so in addition to the great iPhone news with China Mobile and how we're looking there, we really turned in a stellar quarter in greater China overall, and we are very proud of it," Cook told The Street. "We've got quite the ramp in front of us, and we're incredibly excited."
The iPhone hit the market on China Mobile Jan. 17 after Apple declared a deal with the company Dec. 22 Investors Business Daily reported.
China's Ministry of Industry and Information Technology gave 4G licenses to China Mobile, China Unicom, and China Telecom in early December, a move that led the company to being able to offer the smartphone.
The acquisition also created the opportunity for Apple to become a part of Apple's vast list of subscribers that is seven times the size than its competitor Verizon, the most prominent mobile company size wise.
China Mobile and Apple previously discussed joining forces to offer products over the years. Apple was at first hesitant to bring its iPhone product to the mobile carrier's 3G system.
