Wish they'd stated volume. I have a belief the size of the non-US market is now both larger, and probably more profitable for Apple, than the domestic one, and that this may be an irreversible trend.
Time was, China didn't matter: Android got 85% plus of the market and Apple was an expensive must-have for elites. If it's normalised enough now it's down the food chain, remember there are 1billion people in China and only 300million in the USA and so consumer numbers would probably be in ratio: 3x the market size.
India can't be far off. Which makes me think (with some confidence: misplaced?) the value of the non-US markets to Apple, once you factor Europe in, is significantly larger than the "domestic" market.
ggm•1h ago
Time was, China didn't matter: Android got 85% plus of the market and Apple was an expensive must-have for elites. If it's normalised enough now it's down the food chain, remember there are 1billion people in China and only 300million in the USA and so consumer numbers would probably be in ratio: 3x the market size.
India can't be far off. Which makes me think (with some confidence: misplaced?) the value of the non-US markets to Apple, once you factor Europe in, is significantly larger than the "domestic" market.