As reported by Yahoo Finance, Apple shareholders should be very grateful that Apple struck a deal with China Mobile in January. The iPhone sales in China have allowed Apple to report results that are close to the desires on Wall Street – and it’s all because of their China connections.
iPhone sales jumped 48% in China for the three months ending June 30th. This is twice the growth of the overall market there. Apple’s total revenue in China rose 28%.
Learn about this investment and more about Apple’s role in the Chinese market here.