Emerging markets should be the focus for Apple, not the declining sales in China, according to industry experts.

Quick Summary:

It also summoned a stock hike of more than 10% in after-hours trading, fueled by both an increase on services revenue and a massive $110 billion stock buyback — a jump over last year’s $90 billion purchase.

China is Apple’s third-largest market, and it’s become a battleground of steep competition with domestic companies like Oppo and Xiaomi dominating the market.

To play devil’s advocate, Apple’s falling sales in those regions may have more to do with pricing than hype for the product.

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Article Details

Author / Journalist: Rebecca Bellan

Category: Technology

Markets: United StatesBrazilChinaIndiaIndonesiaMexicoTurkeyVietnam

Topics: IPhone Apple Tim Cook Hardware

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-02 @ 22:59:13 (2 weeks ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 569 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 20858826

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