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Old 19th October 2011, 05:37 AM
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China saves Apples Skin

Quote:
Demand in China was a bright spot in Apple earnings reported yesterday that missed analysts’ estimates for the first time in at least six years as iPhone sales lagged behind targets. The Cupertino, California-based company’s China sales rose to $13 billion in the year ended Sept. 24, from $3 billion in the previous 12 months, Cook said.
“I’ve never seen a country with as many people rising into the middle class that aspire to buy products that Apple makes,” Cook said on the call. “So I think China, the sky’s the limit there.”
http://www.bloomberg.com/news/2011-1...cook-says.html

Wonder if Rick is following this, as he thought Sun shone out of Job's ass?
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Last edited by Rubber Duck; 19th October 2011 at 05:39 AM..
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Old 19th October 2011, 05:45 AM
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Re: China saves Apples Skin

Of course, it ain't just Apple.

Quote:
For all of 2010, GM sold 2.35 million vehicles in China, but it is on pace to surpass that number this year.

The Detroit company sold more cars and trucks in China last year than it did in the U.S., for the first time in its 103-year history.

http://www.chicagotribune.com/news/l...,1065090.story
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Last edited by Rubber Duck; 19th October 2011 at 05:46 AM..
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Old 19th October 2011, 07:13 AM
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Re: China saves Apples Skin

Quote:
Originally Posted by Rubber Duck View Post
Of course, it ain't just Apple.
And it ain't just large public companies:

Quote:
Jae Lee created Georgia Chopsticks in November and is already producing 2 million chopsticks each day. They're selling their craft primarily to Chinese supermarkets but also are helping hungry people in Japan, Korea and the U.S.

Lee has seen a huge increase in demand over the past few months as the Chinese look to America – and specifically, Americus – for a product so natively associated with their culture.
Georgia Chopsticks
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Old 19th October 2011, 12:21 PM
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Re: China saves Apples Skin

Well assuming that demand is not so great that you have to do more than just turnup, one must assume at least that GM can still compete with indigenous car producer's on quality.
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Last edited by Rubber Duck; 19th October 2011 at 12:22 PM..
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Old 20th October 2011, 12:52 AM
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Re: China saves Apples Skin

GM is number #1 in china in vehicle sales. and buick is the top selling car. stats below.


Passenger (PV) and Commercial (CV) Vehicle Sales, January-September 2011
GM PV 1,104,259
CV 788,603
Total 1,892,862
VW PV 1,715,255
CV 0
Total 1,715,255

As you can see, China has two kings of cars. In pure passenger vehicles, Volkswagen leads. In total vehicles, GM is first. From now on, when someone asks you “who sells the most cars in China?” you can answer: “That depends on what you call a car.” And now, you are the real expert about China.
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