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Apple faces lukewarm demand in China after quarterly revenue drop, analysts say

July 30, 2022
Source: sheapeterson.com sheapeterson.com
News Snapshot:
Apple faces lukewarm demand in China after quarterly revenue drop, analysts say SHANGHAI, July 29 (Reuters) – Apple (AAPL.O) should brace for a weakening of demand in China as shoppers curb spending in an anemic economy, some analysts warned on Friday, after the iPhone maker said demand had rebounded in mid-June after COVID-19 lockdowns hampered sales. The iPhone maker on Thursday reported quarterly revenue in Greater China fell 1%, snapping a streak of strong quarters in the region. read more Overall, Apple’s revenue rose 2%, beating estimates, and the company said there had been no slowdown in demand for iPhones...
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