Tim Cook Reinforces Apple's Commitment to China Amid iPhone Sales Decline
Apple CEO Tim Cook's visit to Shanghai highlights the company's ongoing efforts to strengthen its presence in China, despite facing challenges in the smartphone market.
- 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.
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