Search Results for: Adjusted Gross Revenue

Apple support still strong in China despite revenue drop

Apple forecast its first revenue drop in 13 years on 27 January and reported the slowest-ever increase in iPhone shipments as the critical Chinese market showed signs of cooling down. Despite this, the company reported revenue of $18.37bn (£12.83, €16.91) from Greater China, accounting for 24.2% of total revenue. Revenue from the region nearly doubled in the fourth quarter. Avneesh Saxena, Vice President of DCI Asia/Pacific, said Apple had performed well in the current economic state, but that the company will have to continue to be innovative if they want to keep their edge. Jan 27, 2016
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