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Apple: China will be biggest market

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 Mr Cook as saying in an interview.

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

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

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