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Apple set to report record holiday, but China doubts stay

25
Jan
2014

Apple Inc may notch its most successful holiday shopping season yet when it reports quarterly results on Monday, setting records for sales of its gift-friendly iPhones and iPads. It will, however, continue to draw investor scrutiny over sales in ultra-competitive China, its No. 2 market but a drag on revenue and margins in recent quarters. The iPhone maker has been ceding ground to Samsung Electronics and other rivals there, but has now sealed a long-awaited deal to sell iPhones through China Mobile that could bear fruit in 2014. Apple, which once routinely blew away Wall Streets most bullish expectations, needs a superb quarter to galvanize the stock.

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