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P.E.D. reports, “Today, according to Morgan Stanley’s Katy Huberty, Asia Pacific is the company’s largest earnings driver, representing 39% of the company’s operating income growth last quarter… Huberty estimates that there is a core addressable market of 50 million middle-class Chinese with plenty of disposable income and a “strong interest in smartphones and the Apple brand. This is the market Apple was targeting when it announced that it planned to build 25 Apple Stores in China within the next two years.”
Read more in the full article here.
Ladies and gentleman, this is just the beginning. The real question is, will Apple be able to keep up with supply and demand? You better believe it!
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And just think of all the stubborn and ignorant people here who refuse to buy Apple because it costs more than the junk they live with day in and day out.
bigger than Exxon, dude!
Hmmptf…they obviously are not aware of our strategy.
I like our strategy..I like it a lot.
Would somebody please pass me a $/)(&/@ chair?
The 1984 commercial saw IBM as Big Brother. Then it became Microsoft. Who’s next? Google?
@ Gomer37
No more “big brother.” Google is not “bigger” than Apple. If anything, the competition will start calling Apple “big brother” and start playing the “think different” (from Apple) card in their marketing.
I hope the chinese will embrace Macs and OS X too.
But I dont understand why Apple doesnt focus in India in similar manner. With the IT Services industry booming Indians too have lot of disposable income and now sadly all that income is sucked by the black market guys…
Katy Huberty? Foolish and poor analyst. I doubt any of this is based on fact.
One of the main reasons Jobs hired Andrea Jung.
She’s been very busy overseeing the development of this monster market.
Apple Asia Pacific huh?
My email was hacked somehow by a person so far unidentified, and my credit card details were stolen. The thief used my card to spend nearly $900 at Apple Asia Pacific.
Not Apple’s fault but boy am I pissed off that Apple doesn’t even have the courtesy to respond to my reports.
grh, need a jacket?
They did NOT use the phrase “human trafficking” in the same article as the word “Shanghai.”
Did they?
That’s messed up.
Apple is growing so fast, they can only do so much to keep up. India will come.
I wrote in December 2010:
Don’t forget China. China is scaling up to be the most exciting market for the immediate and foreseeable future for Apple. As the Chinese become more prosperous, they will go for very recognizable international branded goods. Apple has the foresight to set up upscale stores to tap the golden vein of the Chinese market at the most opportune time and it is beginning to pay dividends. Just look at the shortages of iPhones in this insatiable Chinese market. The iPhones, iPads, iPod Touches and the Macs are the golden standards of tech must-get gadgets. The rest of the competition are just commodities and the Chinese will treat them as such.
Good news. When the american economy will definitely collapse, Apple will still remain strong with its Chinese implementation.
The MyTouch 4g commercial tries to make apple look bad.
“The 1984 commercial saw IBM as Big Brother. Then it became Microsoft. Who’s next? Google?”
Do you remember the culture of IBM? That’s nothing like MS, or Google, or Apple. IBM had such a monolithic culture back in the 70’s-80’s… that’s where the Big Brother reference works. It’s not just about being big.
I’m more interested in the addressable markets on Mars and Jupiter.
There’s a whole solar system out there!
All this focus on Earth only makes Apple seem like every other international corporation these days.
I heard about this. The WHO is investigating.
aapl = 510.00 by end of 2011
@Derek in Milan,
I know. She’s sucking up to Apple big time now. I guess she got tired off constantly being wrong and people with real jobs who follow Apple casually always being right.
Is this in anyway related to the Asian Contagion?
http://www.urbandictionary.com/define.php?term=asian+contagion
FYI. That’s my one contribution to UrbanDictionary.
Oh Ya! Go Apple go Higher
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AAPL was & is a BUY!
Glad to see some of you are Mac die hards that owns AAPL! Make $$$$ just BUY!
Amazing $2.7 Billion quarter in China!
AAPL = 2011 = $422 add $100/yr.
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2015 = $828
To your health Steve Jobs … get better soon!
Hey MDN, keep those shitty PC products off this site. I wanted to make a baby but apparently Mac’s aren’t compatible with making babies!!