Apple's iPhone defies the Rules of Economic Gravity in China

Slowdown? What slowdown? Apple reported blockbuster iPhone sales in China, suggesting that worries about the company's growth trajectory in the world's second-largest economy are overdone. Apple's shares rose nearly 3 percent in early trading on Wednesday. The stock has lost about 7 percent of its value in the past three months as investors fret that the slowing Chinese economy would derail Apple's successful run in the country. Apple's sales in Greater China, including Taiwan and Hong Kong, nearly doubled in the third quarter, accounting for nearly a quarter of the company's total sales.

SOURCE

YAPYAP is a new Patently Apple chicklet-styled condensed news segment. It is specifically designed to provide our fan base with additional news, opinions (pro and con), reviews and other sorts of interesting Apple-centric stories from around the blogosphere. About Comments: Patently Apple reserves the right to post, dismiss or edit any comments made on our site.