Apple sees surge in revenue from overseas markets
updated 11:50 pm EDT, Tue June 28, 2011
International sales dominate Apple revenue
Apple has reportedly continued to experience a strong surge in revenue from overseas markets, according to data collected by analyst firm Capital IQ. Although the company's performance in the Americas has been spectacular, sales growth in Europe, Japan and the Asia Pacific has been even stronger. The company is said to have received only 41 percent of its overall revenue from international markets in 2005, however the overseas portion jumped to 56 percent by 2010.
When looking at Apple's performance in terms of profit rather than revenue, the numbers show an even greater contrast. The Americas only holds a slight lead with 37 percent of profits, nearly matching the profit from Europe. Although the Asia Pacific only accounts for 18 percent of the company's overall profits, the region achieved a 2,991 percent profit growth from 2005 to 2010.
Apple is better known for its marketing efforts in the US, however the company's presence in the Asia Pacific is expected to become its largest market in the future. Two enormous retail outlets are currently being built in Hong Kong, while a separate location is expected to be opened in Shanghai. The company's COO, Tim Cook, was also spotted at China Mobile's headquarters, suggesting the iPhone may launch on the country's largest carrier. [via The Motley Fool]
