Unit sales increase 9 fold from last year. Total revenue from greater China: $1.3 billion
Analysts scratching their heads about how they could have so badly underestimated Apple's (AAPL) iPhones sales — and as a result, its revenue and earnings — in the quarter that ended March 27 need look no further than the Chinese market for iPhones.
The 8.752 million iPhones Apple sold in Q2 2010 beat Wall Street's estimates by 25% to 30% — or nearly 2 million phones.
Where did those sales come from? A big chunk of them, it seems, came from China. Listen to this exchange between Barclay's Ben Reitzes and Apple COO Tim Cook during Tuesday's earnings call with analysts:
