China — the land famous for imitations of technology products could be the savior of the Apple’s stock decline. Its market is very significant to the firm’s future.
Apple currently earns more in China that the entire European continent. Businessmen expects the Chinese market to beat the US soon.
But, this is crucial bet because China’s economic bubble burst. “If China falls, Apple will also fall,” says Daniel Ives from FBR Capital Markets who invested in Apple.
Apple now invests more in China than elsewhere in the world. New stores and new costumers in China were credited for Apple’s recent growth. They also made some measures to stop low quality imitations of Apple products in China.
However, China now suffers an on-going economic crisis. If China cannot recover, the future for Apple in the oriental market looks dim. Most of the investors believe that China does not post a real problem as of the moment.
China is the biggest trick under Apple’s sleeve for 2016.
Looking at the figures, there are currently 30 Apples stores in the whole Chinese country. On the other hand, there are 53 stores in California alone.
There is still a long way to go. Apple aims the Chinese middle classes who are confident consumers spending anything displayed on store.
Credits to BBC News
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