China to become Apple's biggest market in 2 years: Analyst

People experience in new Apple Store at Jiefangbei in Yuzhong District on January 31, 2015 in Chongqing, Sichuan province of China.
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Apple's success story in China is just beginning.

In fact, analysts say that Wall Street underappreciates how much of a driver that market is for the tech giant's stock.

UBS analyst Steven Milunovich said in a Thursday note that "China has become a critical driver of Apple's results, providing over half of growth at above-average margins."