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The Cranks

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China iPhone sales boosts Apple; shares up modestly| Reuters

Apr 28, 2015    

(Reuters) - Apple Inc (AAPL.O) beat Wall Street's revenue and profit forecasts on Monday as it sold more iPhones in China than the United States for the first time, but the company gave no sales figures for its new Apple Watch.Apple's iPhone sales in China soared, increasing its revenue in the country 71 percent to $16.8 billion, although that was helped by gift-buying for Chinese New Year.Chief Executive Tim Cook said that China's expanding middle class is fuelling iPhone sales there, which is the bulk of the company's sales. The iPhone 6 was launched last autumn in China with a number of car...

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