Mac Growth Explodes in Asian Market

Mac sales are still on the rise, but in the Asian market those numbers are growing at a surprising rate. Mac sales in China are up over 140 percent year over year, and in South Korea sales are up over 180 percent.

“Asia-Pacific the Macs grew 73 percent year-over-year,” Apple COO Tim Cook said during the company’s third quarter earnings conference call. “This is phenomenal, that we could grow by this much, and in China we grew 144 percent.”

Mac sales in Hong Kong nearly doubled, and South Korea climbed 184 percent.

Mr. Cook branched outside of the Asian market by adding “Even in a country like Spain where the economy has clearly been very difficult, the Mac grew 59 percent, and so there is some very, very extraordinary numbers in that.”

Apple reported another record breaking quarter with US$15.7 billion in revenue, earnings of $3.25 billion and earnings per share of $3.51. The company sold some 3.47 million Macs during the quarter, along with 8.4 million iPhones, 9.41 million iPods, and 3.27 million iPads.

“It was a phenomenal quarter that exceeded our expectations all around, including the most successful product launch in Apple’s history with iPhone 4,” commented company CEO Steve Jobs.

Apple’s stock closed the day up US$6.31 at $251.89 and is currently trading after hours at $258.25, up 6.36 (2.52%).