Apple faces lukewarm demand in China after quarterly revenue drop -analysts

SHANGHAI – Apple 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 percent, snapping a streak of strong quarters in the region.

Overall, Apple’s revenue rose 2 percent, beating estimates, and the company said there had been no slowdown in demand for iPhones globally despite macroeconomic indicators turning negative.

Apple boss Tim Cook blamed the drop in Greater China revenue on strict lockdowns in Chinese cities, which for…

Keep on reading: Apple faces lukewarm demand in China after quarterly revenue drop -analysts


Nous serions ravis de connaître votre avis

Laisser un commentaire

Enable registration in settings - general
Compare items
  • Total (0)
Compare
0
Shopping cart