Apple Inc CEO Tim Cook said the company will continue to make challenging investments in China despite the economic slowdown.
The United States of America technology giant said almost a quarter of its own revenue in the previous quarter came from China, the world’s largest smartphone market.
The united states is “a superb area” where Apple will be “as aggressive as ever”, Cook said during a trip to Beijing last week.
Cook’s remarks came amid an obvious slowdown of the Chinese market.
“I know some people are worried about the market. But we’ll continue to invest,” Cook said in an exclusive interview with the Xinhua News Agency.
“In case you examine the long term, it is clear that China is such an excellent place to be.”
Nicole Peng, director of Shanghai-based research firm Canalys China, said the business’s performance has been boosted by tremendous need for the iPhone 6S series in the united states.
“Apple will keep its edge in premium-end marketplace in the forthcoming quarters as its major rival Huawei Technologies Co Ltd triumphs over lesser-end section,” Peng said, including Huawei was also able enough to collect a big team of programmers to create localized programs comparable with Apple’s own iOS operating system.
Apple said on Wednesday that China accounted for $12.5 billion of the $51.5 billion revenue it brought in during the fourth quarter that ended in September.