日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Global EditionASIA 中文雙語Fran?ais
World
Home / World / Americas

Apple CEO cites trade conflict in China sales shortfall

By WILLIAM HENNELLY in New York | China Daily USA | Updated: 2019-01-03 23:10
Share
Share - WeChat
An Apple company logo is seen behind tree branches outside an Apple store in Beijing, December 14, 2018. [Photo/Agencies]

The US-China trade dispute is a factor in Apple's declining revenue in China, CEO Tim Cook stated in a letter to shareholders released on Wednesday.

Apple had previously told investors to expect overall revenue between $89 billion and $93 billion in the fiscal 2019 first quarter. On Wednesday, it reduced that estimate by 7.6 percent to $84 billion.

"While we anticipated some challenges in key emerging markets, we did not foresee the magnitude of the economic deceleration, particularly in Greater China," Cook wrote. "In fact, most of our revenue shortfall to our guidance, and over 100 percent of our year-over-year worldwide revenue decline, occurred in Greater China across iPhone, Mac and iPad."

" The trade tensions between the United States and China put additional pressure on their (China's) economy," Cook said in an interview on CNBC on Wednesday. "So we saw as the quarter went on things like traffic in our retail stores, traffic in our channel partner stores, the reports of the smartphone industry contracting, particularly bad in November. I haven't seen a December number yet, but I'd bet it would not be good either."

"I was in Southeast Asia this summer and saw so many phones, not just from Xioami and Huawei, but also brands like OPPO that will probably never be sold here in the States," Jim Collins, founding partner of investment site The Portfolio Guru, told China Daily. "I think the iPhone has too much tech in it to ever hit the price points those domestic competitors can.

"To me, that's the real problem for Apple in China, moreso than the trade war," Collins said.

Apple also faces challenges from domestic smartphone makers in China such as Huawei and Xiaomi, which have grabbed more market share.

"Despite these challenges, we believe that our business in China has a bright future," Cook wrote in the letter. "The iOS developer community in China is among the most innovative, creative and vibrant in the world," Cook wrote. "Our results in China include a new record for Services revenue, and our installed base of devices grew over the last year. We are proud to participate in the Chinese marketplace."

Apple did top the Chinese smartphone makers in sales on Alibaba's Singles Day in November.

The cut in revenue guidance sent Apple's stock down nearly 8 percent in after-hours trading on Wednesday. The shares had already declined more than 30 percent from their high in October.

Analysts and investors have been increasingly bearish on Apple stock amid its worst slump in more than a decade. Many Apple products were advertised with discounted prices after device trade-ins.

The company also cited the strong US dollar and lower battery-replacement prices as a drain on sales. Apple, despite the challenges in China, expects an all-time high in earnings per share when it reports on Jan 29.

US President Donald Trump had told The Wall Street Journal in November that the iPhone and other Apple products could be affected by the next round of tariffs, which would cover the $255 billion in Chinese products not currently included. Apple previously warned that such tariffs would harm the company.

The US and China agreed to a trade truce at the G20 meeting on Dec 1, and have put any more tariffs on hold. Also, President Trump and President Xi Jinping had a productive phone call last weekend.

Trump administration officials are scheduled to travel to Beijing for trade talks early next week.

Reuters and Bloomberg contributed to this story.

Contact the writer at williamehennelly@chinadailyusa.com

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 亚洲综合视频网 | 国产精彩视频 | 老牛影视av一区二区在线观看 | 国产性生活大片 | 91高清国产 | 欧美手机在线 | 久久黄色一级片 | 亚洲欧美日韩精品久久亚洲区 | av成人免费网站 | 思思久久久 | 成人亚洲天堂 | 成人福利视频在线观看 | 免费看av的网址 | 久草精品视频在线观看 | 成人首页 | 亚洲天堂手机版 | 国产视频一 | 中文字幕视频一区二区 | 亚洲精品合集 | 国产一线大片 | 可以免费观看的毛片 | 网爆门在线 | 色欧美日韩 | 久久资源av | 在线不卡一区 | 成人免费视频一区二区三区 | 手机看片国产日韩 | 午夜亚洲福利 | 国产www在线观看 | 久久久av网站 | 日韩三级视频在线播放 | 国产欧美网站 | 日韩精品一二三四区 | 在线观看免费黄色 | aav在线 | 天堂网亚洲 | 日韩中文字幕免费在线观看 | 日韩欧美一区二区视频 | 久久国产精品-国产精品 | 伊人久综合 | 黄页网站在线观看 |