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Apple s Biggest Opportunity? China s 1 Billion People Online

Apple’s Biggest Opportunity? China’s 1 Billion People Online Douglas A. McIntyre © Provided by 24/7 Wall St. By most accounts, about 290 million people are online in the United States, either via broadband to the home or wireless connections. They have helped make America the largest revenue source geographically for Apple Inc. (NASDAQ: AAPL). However, Apple CEO Tim Cook has said more than once that the company s largest opportunity lies in China. The government there helped confirm that opinion as it announced that just shy of 1 billion people were online as of the end of 2020. The government agency China Internet Network Information Center has released its 47th Statistical Report on the Development of China s Internet Network. According to the study, as of December 2020, China s Internet users reached 989 million, an increase of 85.4 million from March 2020, and the Internet penetration rate reached 70.4%. At the current rate, China s online population

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