Monday 11 November 2013

WSJ:Apple Finds Surprising Growth Market in Japan

   According to a report from the Wall Street Journal,"in the past two years, Japan has emerged as Apple's fastest-growing region, far outpacing its home market and the booming economies of Greater China and the rest of Asia. Japan is also home to Apple's biggest profit margins, and the only one of Apple's five regions where operating profit grew in the past fiscal year".

"The iPhone has propelled Apple's success in Japan, supported by heavy marketing and rich subsidies from telephone companies. The iPhone's cachet taps Japan's fervor for brand-name goods, similar to how Japanese shoppers once flocked to Louis Vuitton bags and Burberry scarves.
Sales got another boost in late September when NTT DoCoMo Inc., Japan's largest wireless carrier, began offering the iPhone for the first time to its 61.8 million customers. Even before that, the iPhone was Japan's best-sellingsmartphone, with a 37% market share in the six months ended Sept. 30, according to Tokyo's MM Research Institute".
                                           
"Apple's iPad also garnered more than 50% of Japan's tablet-computer market in the fiscal year ended March 2013, said MM Research.
As the last major Japanese operator to offer the iPhone, DoCoMo is aggressively discounting new models to lure users from competitors, while offering incentives to entice existing subscribers to switch from other phones".

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