Earnings Results: The surprise in Apple earnings: Big growth in China

Even Apple Inc.’s biggest supporters had been predicting doom and gloom in China heading into the company’s earnings report Tuesday, but the iPhone maker had a surprise for everyone.

Apple AAPL, +2.32% posted 21% revenue growth in the Greater China region for the fiscal second quarter, its best year-over-year increase in 10 quarters. The company didn’t break out iPhone sales by region, but Apple posted a blowout quarter in terms of China revenue and a passable quarter in terms of iPhone revenue, and Chief Executive Tim Cook suggested that the iPhone had a banner quarter in the world’s most populous country.

>>> Original Source <<<