Apple CEO tells Chinese news agency China will be company's biggest market

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BEIJING, China - Apple CEO Tim Cook has told a Chinese news agency the computer giant expects China to overtake the United States as its biggest market.

"China is currently our second largest market. I believe it will become our first. I believe strongly that it will," the Xinhua News Agency quoted Cook as saying in an interview.

Cook was visiting Beijing to meet with Chinese regulators and managers of state-owned phone companies.

Xinhua said Cook did not respond to rumours Apple might be developing a lower-cost iPhone for developing markets such as China.

Organizations: Xinhua News Agency, Apple

Geographic location: China, BEIJING, United States

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