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Apple’s revenue is growing fastest in Japan, up 113% from a year prior

AP Photo/Koji Sasahara
Customers celebrate the release of the iPhone 5 in Tokyo, Japan.
By Simone Foxman
JapanPublished Last updated This article is more than 2 years old.

Apple’s fourth quarter earnings report fell short of expectations, and the company lowered its guidance for next quarter. But one bright spot was in Japan, where Apple’s revenue was up 18% from last quarter and 113% from a year prior.

Japan now accounts for 6.58% of Apple’s sales, up from 5.74% in the third quarter and just 3.92% a year ago.

Apple’s revenue declined from last quarter in Europe and Asia Pacific, which excludes Japan. (CEO Tim Cook said last quarter that China accounts for about two-thirds of Apple’s Asia Pacific revenue.)

Overall, Apple reported earnings of $8.67 per share for its fourth quarter and said quarterly revenues rose to $36.0 billion. Analysts had expected the company to post earnings of $8.84 per share. Customers gobbled up 26.9 million iPhones, 58% more units than they did a year ago.

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