This is why Apple hasn’t hit the market cap ceiling yet. Even though American sales may be unimpressive compared to past performance (impressive compared to everyone else lol) they still have a massive market in China eager to gobble up iphones and ipads.
This becomes wildly relevant because China’s ‘copper wire’ infrastructure will never keep up with demand to connect to the internet. Already China’s mobile internet usage is exploding past traditional hard lines.
“China will jump ahead of the U.S. this year to be the world’s largest smartphone market by volume, according to IDC’s latest market figures released last Thursday. IDC expects China to increase its share of the growing smartphone market by over 800 basis points y-o-y to about 26.5% by the end of 2012, pushing U.S.’ market share down to below 18%.” Read more.
“Traditionally watching TV or a video has been a ‘lean back’ experience, which means people passively view a TV show or movie,” Condition One COO Andrew Chang tells Co.Design. “Video is becoming a ‘lean forward’ experience. … We’re pushing forward that concept by allowing viewers to change their perspective of what they’re seeing, not just passively accepting the viewpoint of the director.”