Apple’s Chinese troubles
The coronavirus is just the start
NO AMERICAN COMPANY makes as much money in China as Apple. While few make that much money at all, Apple raked in $44bn of revenues in Greater China during the 2019 financial year, mostly from selling iPhones. That is more than the global sales of United Airlines and Nike and about as much as Tencent, a domestic tech giant. Few countries have as much power as China to shape Apple’s fortunes.
This article appeared in the Business section of the print edition under the headline “Red plateau”
From the February 22nd 2020 edition
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