e-magazine
The Hot Zone
China's newly announced air defense identification zone over the East China Sea aims to shore up national security
Current Issue
· Table of Contents
· Editor's Desk
· Previous Issues
· Subscribe to Mag
Subscribe Now >>
Weekly Watch
Expert's View
World
Nation
Business
Finance
Market Watch
Legal-Ease
North American Report
Forum
Government Documents
Expat's Eye
Health
Science/Technology
Lifestyle
Books
Movies
Backgrounders
Special
Photo Gallery
Blogs
Reader's Service
Learning with
'Beijing Review'
E-mail us
RSS Feeds
PDF Edition
Web-magazine
Reader's Letters
Make Beijing Review your homepage
Hot Links

cheap eyeglasses
Market Avenue
eBeijing

ECONOMY
THIS WEEK> THIS WEEK NO. 31, 2013> ECONOMY
UPDATED: July 29, 2013 NO. 31 AUGUST 1, 2013
Apple's Revenue Slump
Share

Apple Inc. reported lackluster sales revenue from China in the last quarter.

The company said on July 23 that its revenue from China fell 14 percent year on year to $4.6 billion in the quarter. The figure, which represents a 43-percent decline from the previous quarter, marked the first time that revenue decreased in the region.

Apple said its growth in the Chinese market had slowed, particularly due to economic headwinds. China's GDP growth eased to 7.6 percent in the first half, compared with 7.8 percent a year earlier.

Apple's CEO Tim Cook said that he wasn't discouraged by the numbers from just a 90-day period. "I continue to believe that in the arc of time here, China is a huge opportunity for Apple," Cook said.



 
Top Story
-Protecting Ocean Rights
-Partners in Defense
-Fighting HIV+'s Stigma
-HIV: Privacy VS. Protection
-Setting the Tone
Most Popular
 
About BEIJINGREVIEW | About beijingreview.com | Rss Feeds | Contact us | Advertising | Subscribe & Service | Make Beijing Review your homepage
Copyright Beijing Review All right reserved