Apple may have ‘hit a ceiling’ in China as sales fall 14%, but CEO Tim Cook is still ‘enthusiastic’

Apple reported another quarter of declining revenues in China but CEO Tim Cook said he remained “very enthusiastic” about the opportunity in the world’s largest smartphone market, with analysts suggesting the upcoming iPhones could return the company to growth. The U.S. technology giant reported fiscal second quarter earnings on Tuesday that beat expectations, but its […]

Apple renaissance in China key for iPhone 8 success but it faces a tough road ahead

Apple’s fiscal first quarter results showed a bit of stabilization in China and “record revenues” in India, according to CEO Tim Cook, but the U.S. technology giant still faces challenges in these emerging but increasingly “critical” markets. Greater China revenues were down 12 percent year-on-year to $16.2 billion, marking another double-digit decline in the region […]