29 Jan '15, 10pm

Apple tops Louis Vuitton, Gucci as the gift of choice among China's wealthy

Apple tops Louis Vuitton, Gucci as the gift of choice among China's wealthy

Apple tops Louis Vuitton, Gucci as the gift of choice among China's wealthy By AppleInsider Staff Thursday, January 29, 2015, 02:37 pm PT (05:37 pm ET) Many wealthy Chinese consumers chose to forego designer handbags or expensive liquor when choosing gifts in 2014, a new report indicates, instead opting for Apple's iPhone, iPad, or Mac computers. Apple edged out a number of other world-famous brands for the title, with Louis Vuitton coming in second, Gucci in third, and Chanel in fourth. The data was collected from a survey of nearly 400 Chinese millionaires, each with a net worth equal to or greater than 10 million Yuan ($1.6 million), conducted by luxury analysis firm Hurun and first noted by Reuters . The news comes days after Apple reported record quarterly earnings that were bolstered by strong sales in Greater China, which includes Hong Kong and Taiwan. The region ac...

Full article: http://appleinsider.com/articles/15/01/29/apple-tops-loui...

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