Waning iPhone demand highlights consumer anxiety in China

Waning iPhone demand highlights consumer anxiety in China

5 years ago
Anonymous $L9wC17otzH

https://apnews.com/e0a2c907669c4821814763035b562c55

BEIJING (AP) — Apple's $1,000 iPhone is a tough sell to Chinese consumers jittery over an economic slump and the trade war with Washington.

CEO Tim Cook told shareholders Wednesday that iPhone demand is waning, mainly in China. That makes the tech giant the latest global company grappling with Chinese consumer anxiety.