Apple has done what Google and Facebook cannot do: become No. 1 in China.
John Quelch, former senior associate dean of Harvard Business School and now head of the China Europe International Business School in Shanghai, talking to the New York Times.
This is something that finally got some buzz this past quarter — Apple is killing it in China.
They did $3.8 billion in revenues from Greater China (including Hong Kong and Taiwan) last quarter. And that’s with only four Apple Stores open in two cities, Beijing and Shanghai. In the coming year, they’re going to open a ton more.
And those numbers are coming before Apple is on China’s largest carrier, China Mobile.
When people look at Apple’s already astronomical numbers and wonder how they can possibly go higher, this is how.