Apple Inc (AAPL.O) reported blockbuster iPhone sales in China Jamal Adams Jersey , 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 Chinese mainland, Taiwan and Hong Kong, nearly doubled in the third quarter, accounting for nearly a quarter of the company's total sales.
"If the Chinese consumer is pulling back on spending then it seems to be either at the very high luxury end or maybe on some of the everyday non-essential items Leonard Williams Vapor Untouchable Jersey ," Atlantic Equities analyst James Cordwell said.
"I think the smartphone is increasingly viewed as an essential in China. So, I don't see the economy weighing significantly on Apple growth over the next few quarters."
Apple's results follow stronger-than-expected earnings from companies including Alibaba Group Holding Ltd (BABA.N) and Nike Inc (NKE.N).
RISING MIDDLE CLASS
Apple Chief Executive Tim Cook downplayed concerns about China on Tuesday.
"If I ... just look at how many customers are coming in our stores regardless of whether they are buying, how many people are coming online and in addition to looking at our sales trends, I would not know there was any economic issue at all in China Joe Namath Vapor Untouchable Jersey ," Cook said on a conference call.
Many large U.S. companies, including United Technologies Corp (UTX.N) and General Electric Co (GE.N), have expressed concerns about China's slowing growth.
However, William Blair analyst Anil Doradla said Apple has several factors in its favor.
"These include the rising middle class and stronger purchasing power in the emerging markets Leonard Williams Jets Jersey , especially China and India, combined with the company facing little or no competition in the high end of the market," Doradla wrote in a note.
Few analysts changed their price target on Apple's stock after the results and only Pacific Crest changed its rating, upgrading the stock to "overweight" from "sector weight" Joe Namath Jets Jersey , according to Thomson Reuters data.
Of 50 analysts covering the stock, 41 rate it "buy" or higher, while only one rates it "sell," according to Thomson Reuters data. Their median price target is $150.
Apple's stock was trading at $117.35 after the open.
BEIJING Women's Leonard Williams Jersey , Jan. 2 (Xinhua) -- Following are the results from the 2014-15 Chinese Basketball Association (CBA) league on Friday (home teams in CAPS):
FOSHAN bt Zhejiang 146-142 (OT)
XINJIANG bt Jiangsu 124-97
Tianjin bt SHANGHAI 110-109 (OT)
Guangdong bt CHONGQING 116-102
BAYI bt Sichuan 85-84
DONGGUAN bt Shanxi 102-87
Guangsha bt FUJIAN 124-86
Jilin bt SHANDONG 123-105
QINGDAO bt Beijing 107-86
Liaoning bt TONGXI 127-107
The Seychellesis are a group of around 115 islands, located northeast of Madagascar. The five main islands are Mah?, Praslin, La Digue Women's Joe Namath Jersey , Fr?gate, and North Island. MMost of the Seychelles has protected sanctuaries devoted to preserving an astonishing amount of flora and fauna. Giant Alabra Tortoises are a fascinating sight and something not to be missed, Birds huge bird colonies can be found on certain islands
Whilst tourism is the main industry, the Seychelles are a relatively unknown holiday hideaway. If you are looking for a snappy nightlife you might be a little disappointing. One of the charms of the Seychelles is that they are not commercial and overdeveloped. The group of islands are the perfect place for a Honeymoon.
Beau Vallon
This beach is located on the island of Mah? on the northern side Rush Leonard Williams Jersey , and is one of the more popular beaches on Mah?. This long and sandy beach has magnificent views of North Island and Silhouette. There are various diving and water sport centers as well a Teddy's Glass Bottom Boat Tours.
Anse Royale
This beach is the longest on Mah? and it provides beaches protected from choppy seas, providing a safe and comfortable swimming haven. This makes for very favorable conditions for swimming and beach fun from May to October.
Intendance Beach
This is a very wide beach, which provides huge swells that are favored by surfers. Multi-directional currents make it a little challenging at times to swim and the Banyan Tree Resort will notify swimmers of dangerous conditions with flags. Anse Intendance is one of the spots that turtles still nest.
Anse Cimitiere
Cimitiere is a very hidden beach and is quite hidden. Monsoon season is from May to October and is a time of large waves and dangerous surf. There are a few natural swimming pools created by protecting rocks on the beach. If you are looking for a nice change there is the inland forest that can be explored by horses from the Riding Centre Utegangar.
Port Launay
This is one of the most beautiful beaches on Mah? and is located on the west side of the island. This beach will have the largest population of beach goers on weekends. Swimming is great here and the beach is very well maintained.
Anse Georgette
Rated as one of the top 10 most beautiful beaches in the world, Anse Georgette is located on the island of Praslin. Only accessible by boat the beach offers the luxury of the Lemuria Resort. This is a favorite of Honeymooners because of the intimacy of the private beach.
Anse Bois de Rose
This beach is known for its fishing and there is a great spot for swimming located next to the hotel Coco de Mer.
Anse Source D'Argent One of the most popular beaches in the Seychelles. Huge granite boulders separate it from Anse Lazio and make this a hotspot for filming and photography. This beach i.