It gives you some perspective on just how big China is. There were 116 million cellphones sold in China in the last 3 months. That compares to 43 million in the United States. However, about half of the 43 million were smartphones in the U.S. while only about 12% were smartphones in China.
A big reason is that the cost of an iPhone in China will consume about 50% of average annual household income compared to a mere 1% in the United States. Yet another reason that we are blessed to live in The United States of America. If only we had some elected officials who could find a way to balance the budget. They have trillions of dollars at their disposal and still can't do it without more.
You might want to check out the full story on Apple's designs on the Chinese market.
Another interesting is this one from the AP which reports that entire Apple stores are being faked in China.
A final piece of Apple news I saw this week is that Apple is on track to sell more iPhones this year than in all previous years (2007, 2008, 2009 and 2010) combined-an estimated 108 million phones!
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