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Apple's fifth retail store in mainland China opened this month. AP Photo / Andy Wong
15% of Apple’s revenue now comes from China
China has driven Apple’s growth in Asia, enough for the company to call it “an extremely exciting market.” Apple CEO Tim Cook gave a few more details about Apple’s success there in a conference call today, according to a Factset transcript:
- Greater China accounted for 15% of Apple’s revenues, or $23.8 billion, in the 2012 fiscal year. That figure increased by more than $10 billion from the previous year.
- In the fourth quarter, China accounted for $5.7 billion in revenue, or 15.8% of the company’s total.
Apple is also growing in Japan, which was the subject of another post today.
