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Apple sales growth seesaws in China

By Fang Yunyu (Global Times)

08:55, January 25, 2013

US tech giant Apple Inc's sales growth in China for the last quarter lags its average growth worldwide, with one main cause being product delays in the Chinese market, analysts said Thursday.

Apple has filed its financial report for the quarter ended December 29, showing that sales in the Greater China region reached $6.83 billion, growing only 26 percent compared to the figures for the previous quarter, Apple's lowest regional figure, far below the global average at 52 percent.

It marked for the first time the company has disclosed its financial data for the China market.

However, the sales in China grew 67 percent from a year earlier, making China the company's fastest-growing market compared with a worldwide average of 18 percent.

"The big difference between year-on-year and quarter-by-quarter growth shows that product delays have greatly impacted performance," Li Yi, secretary-general of the China Mobile Internet Industry Alliance, told the Global Times.

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