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Friday
Jan112013

Apple CEO Expects China to Overtake US as Company's Top Market

Justin Sullivan/Getty Images(BEIJING) -- Apple's CEO says he expects China to trump the U.S. and become the company's number-one market in the future.

"China is currently our second largest market.  I believe it will become our first.  I believe strongly that it will," Tim Cook told China's Xinhua News Agency on Thursday during a visit to Beijing.

Apple currently has 11 stores located throughout mainland China and Hong Kong.

"We are growing very fast.  We are continuing to invest in retail stores here and will open many more over the next several years.  We have some great sites selected, our manufacturing base is here, and we have incredible partners here.  So it's a very very important country to us," Cook said.

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ABC News Radio