"Tim Cook has emphasized how important China is, and I think this supports it with some data," Milunovich added. "China is about 16 percent of Apple's revenue. Its margins have improved substantially, so they're very close to the corporate average right now. So, I think the outlook for Apple for now in China is very positive."
Read More Is Apple disrupting the U.S. bond market?
Additionally, research found that around 19 percent of Samsung Android users were looking to switch to the Apple iPhone, he added.
Milunovich also brushed off the idea that Apple might be actively looking to acquire other companies.
"People wonder should they go do a network? Should they buy Tesla?" he said. "They're very much about devices, and they've got a lot to do in the wearable space."
Read More YouTube launching music subscription service
Milunovich said he believed Apple could sell another 10 million to 20 million phones.
"So, we think the Street's still probably too low on the phone numbers," he added.
via apple - Google News http://ift.tt/1pV75lW
Posts
0 comments:
Post a Comment