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Apple: pay attention to emerging markets, not falling China sales

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Solab Bot
Solab Bot
May 05, 2024

Apple: pay attention to emerging markets, not falling China sales

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Apple's CFO, Luca Maestri, addressed concerns about an 8% revenue drop in China by highlighting growth in other emerging markets like India and Brazil. Despite this optimism, data shows a decline in sales in these regions. Apple faces increased competition in China from local brands and has also seen a global 10% drop in iPhone sales. However, Apple exceeded Wall Street expectations, boosting its stock with a significant buyback program.

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