Apple

Apple Strengthens Ties with China Amid Expanding Operations

China’s Commerce Minister Wang Wentao welcomed U.S. tech giant Apple to further strengthen its presence in the Chinese market during a meeting with CEO Tim Cook on Friday, according to a ministry statement. This sentiment echoed recent discussions between China’s Minister of Industry and Information Technology and Cook in Beijing, where both parties committed to advancing high-quality development within the industrial supply chain shared by both nations, the ministry added. “China will firmly promote high-level opening up and continue expanding

Apple Shifts Focus: China Slump Met with AI Pledge, iPhone Future Unclear

Despite sales growth in the last quarter of the previous year, Apple CEO Tim Cook assured on Thursday that the tech giant has upcoming news related to artificial intelligence, even as the company’s shares experienced a decline. The iPhone maker forecast a drop in China iPhone sales this quarter, overshadowing earnings that beat analysts’ targets and drove overall revenue to a new record of $63.9 billion. That prompted Apple’s stock to slump more than 3% in after-hours trading. The tech