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Apple Inc. reported lackluster sales revenue from China in the last quarter.
The company said on July 23 that its revenue from China fell 14 percent year on year to $4.6 billion in the quarter. The figure， which represents a 43-percent decline from the previous quarter， marked the first time that revenue decreased in the region.
Apple said its growth in the Chinese market had slowed， particularly due to economic headwinds. China’s GDP growth eased to 7.6 percent in the first half， compared with 7.8 percent a year earlier.
Apple’s CEO Tim Cook said that he wasn’t discouraged by the numbers from just a 90-day period. “I continue to believe that in the arc of time here， China is a huge opportunity for Apple，” Cook said.
huawei Sales Surge
Huawei， a leading global information and communications technology solutions provider， announced on July 24 that its sales revenue in the first half reached 113.8 billion yuan （$18.4 billion）， up 10.8 percent year on year.
“Our success in the first half was mainly driven by steady growth of the carrier network business and the fast growth of consumer business，” said Cathy Meng， the company’s CFO.
“From these positive indicators， we believe Huawei will generate strong performance and profit margins in the second half and we are confident of achieving our goal to increase revenue by 10 percent.”
Huawei， based in the coastal city of Shenzhen in South China’s Guangdong Province， jumped to 315th on the 2013 Fortune Global 500 list from 351st a year ago. It has surpassed Stockholmbased Ericsson in rankings with increased revenues and solid earnings propelled by strong smartphone sales..
The company said on July 23 that its revenue from China fell 14 percent year on year to $4.6 billion in the quarter. The figure， which represents a 43-percent decline from the previous quarter， marked the first time that revenue decreased in the region.
Apple said its growth in the Chinese market had slowed， particularly due to economic headwinds. China’s GDP growth eased to 7.6 percent in the first half， compared with 7.8 percent a year earlier.
Apple’s CEO Tim Cook said that he wasn’t discouraged by the numbers from just a 90-day period. “I continue to believe that in the arc of time here， China is a huge opportunity for Apple，” Cook said.
huawei Sales Surge
Huawei， a leading global information and communications technology solutions provider， announced on July 24 that its sales revenue in the first half reached 113.8 billion yuan （$18.4 billion）， up 10.8 percent year on year.
“Our success in the first half was mainly driven by steady growth of the carrier network business and the fast growth of consumer business，” said Cathy Meng， the company’s CFO.
“From these positive indicators， we believe Huawei will generate strong performance and profit margins in the second half and we are confident of achieving our goal to increase revenue by 10 percent.”
Huawei， based in the coastal city of Shenzhen in South China’s Guangdong Province， jumped to 315th on the 2013 Fortune Global 500 list from 351st a year ago. It has surpassed Stockholmbased Ericsson in rankings with increased revenues and solid earnings propelled by strong smartphone sales..