For Apple stock, it's all about AI and China
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Infographic: Apple's China Business Stays Volatile as Market Calms
The closely watched Chinese smartphone market has stabilized at a lower level than previous, while Apple remained the single large seller...
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Apple is deepening ties with China even as it boosts suppliers globally
Despite its well-publicized moves to cut its dependence on China as its main supplier, Apple has also been increasing the number of firms it works with for production with in the region. Tim Cook visits Luxshare factory in 2017. Source: Apple By January 2024, Apple's supply chain had spent $16 billion in moving away from China, and as of April 2024, 14% of all iPhones are being manufactured in India. But according to an analysis by Nikkei Asia of Apple's public reporting, the company is...
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Apple CEO Tim Cook bullish on China, thinking long-term
After revealing Apple's Q2 earnings, CEO Tim Cook shared he "feels great" about China due to beating expectations in a competitive environment. iPhone doing well in China despite shrinking market Apple earned $90.8 billion in the March quarter, beating Wall Street estimates. The company saw an 8% sales drop year-over-year in China, but despite the drop, it was less severe than initially expected. The iPhone has struggled to see much growth in China due to increased competition from...