Apple Q3 2013 Sees Revenue Plunge In China To $4.6B, Down 43% On Q2, Amid Weaker International Sales

Amid pressure from low-cost smartphone makers on Android and other platforms, Apple today reported a plunge in its Q3 revenues in Greater China, which includes Taiwan, Hong Kong and the world's largest smartphone market, Mainland China. In that region, sales were $4.64 billion (and $4.9 billion including retail), down 14% over last year and a whopping 43% on last quarter. It's a startling contrast to the $8.2 billion reported in Q2, a record for Apple in the region, according to CEO Tim Cook, when it was the only region to grow sequentially. Overall, international sales outside of the Americas are now at just under 48%, compared to 56% last quarter and 61% in Q4 2012.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/ZcV5SIivzMM/

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