Apple’s iPhone sales worldwide are up, but in China are down 13% year over year, and CEO Tim Cook argues that it’s a reflection of overall economic issues rather the iPhone losing popularity.
During Apple’s Q1 2024 earnings announcement, Apple has reported that its total iPhone sales in China were $20.82 billion. It’s a drop of 13% compared to the same period in 2023.
“The dollar is very strong versus the RMB,” Tim Cook told CNBC. “And so that negative 13 goes to a mid-single digit number.”
