Thursday, January 23, 2014
Apple: One Incredible China Stat
The official launch of the Apple (AAPL) iPhone products with China Mobile (CHL) provided some interesting and surprising stats. China Mobile has long been coveted as a supplier for Apple considering it has the largest mobile user base in the world at around 750 million customers. Considering the lack of market share in China, it was shocking to hear Apple CEO Tim Cook discussing a 57% share of mobile browsing traffic in that country.
It is almost mind boggling that Apple could generate a market leadership in actual Internet usage considering the lack of direct phone sales in China due to not having China Mobile as a customer. Business Insider provided a recent chart showing that the global mobile web browser market share was roughly that same 57%, even though Android has an 80% market share of smartphones sold.
Read the full article at Seeking Alpha.
Disclosure: Long AAPL. Please review the disclaimer page for more details.