“It was no April Fool, Monday, as the start of April lived up to the month’s reputation as the cruelest, at least for tech stocks, with losses from the likes of Apple Inc. and Intel Corp. leading the sector downward despite gains by eBay Inc. and BlackBerry Inc.,” Rex Crum reports for MarketWatch.
“Apple shares fell more than 3% to close at $428.91, after CEO Tim Cook issued a signed public apology on the company’s Chinese website for customer service issues over the company’s products in that country,” Crum reports. “The move followed reports last week that Chinese regulators were preparing to crack down on the company following complaints that its customer service policies weren’t on par with other markets.”
Crum reports, “As part of the move on Monday, Apple said it has ‘improved’ its repair policy for the iPhone 4 and 4S models in China, and plans to increase the ‘supervision and training’ of authorized service providers.”
Read more in the full article here.
Related articles:
Citigroup analyst ‘concerned’ about China’s state-run media’s anti-Apple propaganda campaign – April 1, 2013
China’s state-run media’s persecution of Apple likely to end with China Mobile iPhone deal – April 1, 2013
China state-owned film studio sues Apple for ‘selling unauthorized movies’ – March 29, 2013
Chinese regulator calls for tighter supervision of Apple – March 28, 2013
Popularity buffers Apple Inc. from state-run media attacks – March 28, 2013
Apple and China seem made for each other, so why is China attacking Apple? – March 28, 2013
Manufactured Apple ire shows up for real against China’s state-owned monopolies – March 27, 2013
China slams Apple’s ‘empty and self-praising’ response to warranty complaints – March 26, 2013
What’s really behind China’s attacks on Apple and Android? – March 20, 2013
Chinese media attack on Apple exposed; backfires badly – March 19, 2013
Prominent Weibo users, Samsung spokesman paid to bash Apple – March 17, 2013
China’s Ministry of Industry and Information Technology: Google controls too much of Chinese smartphone sector – March 5, 2013
