Apple Inc. may triple revenue from China over two years as the maker of the iPhone expands its sales network in the country and Chinese consumers become increasingly affluent, Morgan Stanley said.
China may contribute more than $9 billion of sales to Apple in the year ending September 2012, compared with $2.9 billion last fiscal year, Morgan Stanley analysts Katy Huberty and Mathew Schneider wrote in a report yesterday. Growth of Apple’s earnings from Asia will outpace other regions, they wrote.
Apple last month started taking orders from customers in China via its website as the world’s most valuable technology company steps up efforts to market its products in the world’s fastest-growing major economy.
China may contribute more than $9 billion of sales to Apple in the year ending September 2012, compared with $2.9 billion last fiscal year, Morgan Stanley analysts Katy Huberty and Mathew Schneider wrote in a report yesterday. Growth of Apple’s earnings from Asia will outpace other regions, they wrote.
Apple last month started taking orders from customers in China via its website as the world’s most valuable technology company steps up efforts to market its products in the world’s fastest-growing major economy.
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