Apple Inc. (NASDAQ:AAPL) iPhone sales reached on a record monthly high volumes in China, soaring more than 45% annually in month of November, it’s a fact that rich urban customers of Chin are quickly adopting the bigger iPhone form.
According to a Research Director of Counterpoint, Neil Shah, he commented on Apple (AAPL)’s record performance in China saying that this has helped drive Apple (AAPL)’s smartphone market share to above 12%, making it third spot behind the market leader Xiaomi and Lenovo. Apple iPhone 6 was the most popular iPhone model in November 2014, standing it for more than two-thirds of the total iPhone sales.
Japan is one of the most superior smartphone markets in the world, in Japan Apple (AAPL) holds more than half of the smartphone sales in October and November. The tech company is also likely to get advantage from its upcoming “Apple Watch” with a growing and premium iPhone user-base to further boost in the highly advanced consumer market.
In South Korea Apple Inc. (NASDAQ:AAPL) has also started its aggressive marketing war against Samsung Electronics in late October with record presales, and now Apple hold a record 33 percent market share in South Korea in November, and this is highest ever figure for a foreign brand to make good sales, as per the monthly report of Hong Kong-based market research company Counterpoint.
In comparison to Apple, Samsung Electronics ‘s share slipped to 46 percent after drifting around 60% for five months.
On Wednesday shares of Apple Inc. (NASDAQ:AAPL) closed at $109.55. Company’s sales growth for last 5 years was 33.60% and EPS growth for next 5 years is recorded as 11.49%.