Apple's cash pile is now $178 billion, enough to buy IBM (IBM.N) or the equivalent to $556 for every American. Apple Chief Financial Officer Luca Maestri told Reuters in an interview that the company did not sell more iPhones in China than the United States, despite some earlier predictions by research analysts. The company's success in the competitive Chinese market can be attributed to its partnership with China Mobile Ltd , the largest global mobile carrier, and the appeal of the larger screen size of the iPhone 6 and 6 Plus. Maestri said he does not expect Apple to struggle because of China's slipping economic growth.
via Business News http://ift.tt/1zxdcRz
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