Last year, Apple was on a gravy train in China. Sales of the iPhone were booming, and the country looked poised to overtake the U.S. in its contribution to Apple’s business. Suddenly, things don’t look so rosy.
Apple reported Tuesday that its first quarter revenue from Greater China declined 26 percent from the same period in 2015, a turnaround that contributed to Apple’s first year-over-year revenue decline in more than a decade.
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Source: COMPUTER WORLD