Apple China Slowdown Sparks Fears That Prized Market Is at Risk
- Company suffers worst holiday decline in region since 2018
- Slump overshadows otherwise strong quarterly results
Apple Inc.’s latest quarterly results triggered investor fears that the company is losing clout in China, a long-prized market that generates roughly a fifth of its sales.
Revenue from the region plunged 13% last quarter, marking the worst decline since the 2018 holiday season. The drop was jarring enough to overshadow otherwise strong results, which included Apple’s first overall sales growth in a year.