Currency impact doubled fall for Apple’s sales in China, but underlying conditions remain tough

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Currency impact doubled fall for Apple’s sales in China, but underlying conditions remain tough

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<p>Apple is looking in pretty good shape this week. After posting a <a href="https://9to5mac.com/2017/01/31/apple-earnings-fy17-q1/" target="_blank">record quarter[/url], IDC reported that the iPhone <a href="https://9to5mac.com/2017/02/01/apple-samsung-smartphone-share-iphone-idc/" target="_blank">overtook Samsung[/url] during the holiday quarter and Strategy Analytics estimated that the Apple Watch – which also saw record (if unspecified) sales – <a href="https://9to5mac.com/2017/02/01/apple-watch-shipments-in-holiday-quarter/" target="_blank">also took 63%[/url] of the smartwatch market.</p>
<p>It wasn’t all good news, however. Alongside a continued slump in <a href="https://9to5mac.com/2017/02/01/ipad-revenue-falls-long-upgrade-cycles-poll/" target="_blank">iPad sales[/url], the company also reported a 12% fall in sales in <a href="https://9to5mac.com/guides/china/" target="_blank">China[/url]. This contrasted with 14% growth a year earlier. Apple explained one of the reasons for this during the earnings call, but it wasn’t the only one, as the <a href="https://www.wsj.com/articles/cheaper-rivals-eat-away-at-apple-sales-in-china-1485924305" target="_blank">WSJ[/url] noted …</p>
<p> <a href="https://9to5mac.com/2017/02/02/apple-china-currency-chinese-competitors-oppo/#more-465961" class="more-link">more…[/url]</p>
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Source: Currency impact doubled fall for Apple’s sales in China, but underlying conditions remain tough