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

Apple's CFO highlights the growth of sales in emerging markets, such as India, Saudi Arabia, Mexico, Turkey, Brazil, and Indonesia, despite falling revenue in China. The affordability threshold has been reduced through financing solutions and trade-in programs, particularly in emerging markets. However, competition with domestic companies like Oppo and Xiaomi in China, as well as slowed iPhone sales and Apple's slower adoption of AI, have impacted the company's performance.

    #apple#revenue#finance
May 02, 2024•3m read time•From techcrunch.com
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