In this post, we will analyze Apple China revenues and revenue growth for the fiscal quarters Q1 2012 to Q3 2015. Then, we compare Apple China revenue growth with that of its other geographic segments from fiscal quarters Q3 2014 to Q3 2015. Then, we will look at Apple geographic segments revenue share for the first nine months of FY 2014 and FY 2015.
Apple China Revenues and Revenue Growth Q3 2015
Apple China revenues more than doubled during the fiscal third quarter (FQ3’15), as compared to the same quarter during the year earlier (FQ3’14). Apple China revenues grew from $6.3 billion in FQ3’14 to $13.2 billion in FQ3’15. Apple China revenue growth was driven primarily by growth of iPhone sales in China. Apple iPhone unit sales grew 87% yoy in China during FQ3’15.
Apple experienced strong revenue growth from China during the first three quarters of the fiscal year FY’15. Apple China revenues grew 70%, 71%, and 112% year-over-year during the first, second, and third fiscal quarters respectively of the fiscal year FY’15.
China continues to outperform other regions in revenue growth. During the FQ3’15, Apple China revenues grew by 112% yoy. During the same quarter, Rest of Asia Pacific revenues grew 26% yoy, Europe revenues grew 19% yoy, Americas revenues grew 15% yoy, and Japan revenues grew 9% yoy.
Apple China Revenue Share
As a result of China strong revenue growth during the first three quarters of FY’15, it has overtaken Europe to become the second largest region in terms of revenues.
Apple had $46.2 billion total revenues from China during the first nine months of FY’15. During the same period, the total revenues from Europe were $39.8 billion. During the first nine months of FY’15, Apple generated over one-fourth of its total revenues from China.
Apple had $25.6 billion total revenues from China during the first nine months of FY’14. During the same period, the total revenues from Europe were $34 billion.
The following charts provide Apple geographic segment revenues and geographic segments revenue share for the first nine months of FY’14 and FY’15.
Apple China Future
Apple remains very bullish on China and continues to invest there. Apple plans to nearly double the number of retail stores in China from 22 in July 2015 to 40 by middle of 2016. Apple believes that China can become their largest market at some point in future.
There is no doubt that if an economic slowdown happens in China, then Apple will be one of the US companies that will get most impacted.
But, so far, Apple has the strong momentum in China. It is expected to drive Apple China revenue growth over the next few quarters.