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Not many buyers for Apple in China, revenue drop

July 30, 2022
Source: cronullanews.sydney cronullanews.sydney
News Snapshot:
After the iPhone manufacturer said that demand had recovered in mid-June after COVID-19 lockdowns slowed sales, some analysts cautioned on Friday that Apple should be prepared for a decline in demand in China as consumers cut spending in a sluggish economy. The iPhone manufacturer announced on Thursday that its Greater China quarterly revenue decreased by 1%, breaking a string of profitable quarters there. Apple reported that despite macroeconomic signs turning negative , there has been no decrease in demand for iPhones globally as its overall revenue increased by 2 percent, above predictions. Tim Cook, the CEO of Apple, attributed the...
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China Tech Buzz Topics: Apple | brand | CEO | China | Chinese | consumer | Counterpoint | Covid-19 | crackdown | Economy | government | Greater China | Honor | Huawei | IDC | investment | iPhone | IT | manufacturer | market share | revenue | Sanctions | smartphone | technology | Xiaomi

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