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AP Photo / Andy Wong
Apple’s fifth retail store in mainland China opened this month.

15% of Apple’s revenue now comes from China

By Simone Foxman in Japan

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.