US tech giant Apple Inc. launched its Apple iPhone 5 in the month of September, 2012. The new smartphone will also be available in the Chinese market in the month of December, 2012. The news was revealed in a statement from Apple’s chief executive officer Tim Cook.
Apple has been concentrating on the Chinese market since Tim Cook took over, and in this regard, the company has expanded in the country with new stores. Apple has also shortened the new product delivery time gap between the US and China. The computing company posted a group quarterly revenue of $36 billion from the month of July, 2012 to September,2012.
Cook revealed that the software giant’s revenue in China grew 26 percent year-on-year. China now delivers 15 percent of its total income, which is 5 percent higher since Cook took over the company a year ago. As 60 percent of the company’s revenue comes from outside the US, China will account for the quarter of it.
Cook admitted that despite the high popularity of iPhone in the country, the latest iPhone 5 has not yet been available in China, while its rival Samsung launched its flagship Galaxy S III months ago. After the launch of the iPhone 5 in September 21, 2012 the company sold more than 5 million iPhone 5’s in the first three days.