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Tag Archives: China

Apple cuts forecast, citing weak China sales amid trade tensions

(Reuters) – Apple Inc on Wednesday took the rare step of cutting its quarterly sales forecast, with Chief Executive Tim Cook blaming slowing iPhone sales in China, whose economy has been dragged down by uncertainty around U.S.-China trade relations. The news sent Apple shares tumbling in after-hours trade and triggered a broader selloff in the stock market. The revenue cut ...

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Law regulating online shopping activities enforced in China

China on Tuesday officially enforced a new law to regulate its vast e-commerce sector, with an aim to regulate the flourishing online shopping market that has been littered with counterfeit and copycat products. The legislation, which passed in August and officially came into effect on January 1, 2019, aims to fight against unethical sales practices on the internet by demanding ...

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Apple blames iPhone revenue, China business as it cuts sales outlook

The new year is only 2 days old. But for Apple, it’s possible that 2019 could end up being one of its longest years in recent history, with ominous portents for the rest of the tech industry. <img class="alignleft size-article_inline_third lazyautosizes lazyload" src="" data-sizes="auto" data-src="" data-srcset=" 6… Business News

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