Despite China's struggle on the stock market, Apple is still capitalizing on the country's local consumers through the sale of their products.

According to TechCrunch, the third quarter of the fiscal year saw a 112 percent increase in sales as compared to the past years of the same quarter. The statistics came from China's greater regions including China, Hongkong and Taiwan. Recently, China has surpassed the United States with the most sold iPhones in the history of Apple and its iPhone gadgets, now, China has again marked a milestone by surpassing Europe when it comes to Apple product revenue.

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The third quarter of the year 2015 in China made a significant impact on Apple Inc's market by earning $13.2 billion in revenue, compared to 2014's $6.2 billion sales.

The Greater China Region is considered as the second largest Apple market next to the United States.

In a conference headed by Apple's CEO Tim Cook, he said that the sale of iPhone in the Greater China region has increased to 87 percent and the sale of Mac follows suit to reach 33 percent increased on sale. Luca Maestri of Apple Inc. confirmed that iPhone 6 made a great impact in conquering China as their second largest market.

Setting aside the hardware, Apple CEO Tim Cook also said that their retail stores in China are also capitalizing on the increased demand of iPhones to its consumers, saying they also plan to add at least 40 Apple stores in the country in the next 12 months.

 Despite the increased sales and bright earnings and revenues for the tech giant, their stand on the stock market continues to fall, squandering 6 percent in the after-hours trading. According to CNBC, the tech giant reported their earnings for the fiscal year, surpassing what analysts have predicted by a small margin. CEO Tim Cook, however, expressed his gratitude over the performance of the company, noting there is definitely enough room for improvements. He also added, "We sold more units than we thought we would, we did exceptionally well in any way that you look at it."

TagsApple Inc., China stock market, stock market