Apple, China and iPhone
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Apple Inc. blamed a surprise decline in China revenue on supply disruptions, predicting it will return to growth in the world’s biggest smartphone arena as the iPhone 17 gains momentum.
Apple saw revenue fall in the China market relative to the year before, and it missed expectations by a decent amount as well. The company generated $14.5 billion in Greater China revenue during the September quarter,
Apple just posted excellent quarterly results, which boosted the stock. Yet, its performance in China is poor for two main reasons.
Apple Inc. projected a jump in sales over the holiday season after releasing new iPhones and worked to reassure investors concerned about a decline in revenue from China.
For the quarter, Apple is expected to report earnings per share of $1.77 on revenue of $102.1 billion, according to Bloomberg consensus estimates. That's up from the $1.64 and $94.9 billion the company saw last year.
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Apple is surging on improved China outlook. Over the last week, President Donald Trump and administration officials have made comments suggesting that it's likely that the U.S. wi
Wang Qiongfei, the lawyer who led China’s first private antitrust case against Apple, spearheading a new public complaint to the SAMR, China’s top antitrust agency.
Apple stock is facing its next big test as the iPhone maker gears up to report earnings. The company just topped a $4 trillion valuation this week.