Overview

• Tim Cook inaugurates a new Apple Store in Shanghai, marking his commitment to China as a critical market and manufacturing hub.
• iPhone sales in China plummet by 24% in the first six weeks of the year, with Apple falling to fourth place among the country's smartphone vendors.
• Cook meets with key Chinese suppliers, including BYD and Lens Technology, underscoring the importance of China's supply chain to Apple.
• Amid declining sales, Apple offers rare discounts on its website and through online resellers, in an attempt to boost sales.
• Apple diversifies production to India and Vietnam, aiming to reduce dependency on China amid geopolitical tensions.