China's Middle Class Can Finally Afford IPhones
The most obvious way to read Apple's latest quarterly earnings report -- which revealed that iPhone sales in China had surpassed those in the U.S. for the first time -- is as a compilation of great news about the company's bottom line. But it's also a sign that China's consumer market is finally starting to come into its own. It might even mark China's so-called "Henry Ford moment," when a sizable portion of the country's workers can finally afford to buy the things they're manufacturing.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Melania Trump Has a Bully-in-Chief Problem
- London's Uber Ban Is a Big Brexit Mistake
- Trump Slams the Brakes on Self-Driving Cars
- Serving Ice Cream Isn't a Cultural Exchange
- Wanted: Russia Experts, No Expertise Required
- The Constitution Is Passing the Trump Stress Test
- No, Boris. A Trump-Led Brexit Wouldn't Be Glorious