Home / China / Blame 26% decrease in China’s sales for lion’s share of Apple’s loss

Blame 26% decrease in China’s sales for lion’s share of Apple’s loss

Cook certified in a gain call that a smartphone marketplace was not flourishing though attributed it to a flitting “overhang of a macroeconomic sourroundings in many opposite places in a world.”

And Cupertino, California-based Apple could face increasing inspection from Beijing, that has sought to practice control over many other U.S. tech companies.

“I’d be really astounded in 5 years’ time if we see Apple carrying a kind of entrance to a Chinese consumer that they currently enjoy,” Ian Bremmer, owner and boss of a Eurasia Group, told CNBC’s “Squawk Box” on Monday.

But Cook has continued to sound an assured note on China via that time. Tuesday’s news showed what Cook called “tremendous” success of Apple Pay in China, for instance. Drexel Hamilton researcher Brian White pronounced even after a earnings, he was looking brazen to new geographic opportunities in certain Chinese cities.

“Beyond a short-term volatility, we sojourn really assured about a long-term intensity about a China marketplace and a vast opportunities forward of us, and we are progressing a investment plans,” Cook pronounced in January, adding that he does not “subscribe to a doom and dejection kind of predictions.”

—CNBC’s Josh Lipton contributed to this report.

Article source: http://www.cnbc.com/2016/04/26/apples-china-softness-comes-to-light-sales-decline-26-percent.html