“Apple is coming off a 26 percent sales decline in Greater China, the steepest drop among its five regions,” Ari Levy reports for CNBC. “More worrisome: The greatest risks lie ahead.”
“That’s the view of a growing chorus of experts and prognosticators concerned about the unpredictability of the Chinese government,” Levy reports. “Earlier this month, China shut down iTunes Movies and iBooks just six months after Apple introduced the services there. Billionaire investor Carl Icahn told CNBC Thursday that he sold his Apple shares because, ‘You worry a little bit — and maybe more than a little — about China’s attitude.'”
“Analysts from UBS and Goldman Sachs have published recent reports discussing China’s potential power to thwart Apple’s growth, and Eurasia Group founder Ian Bremmer said earlier this week that China is very likely to limit Apple’s access to the country’s consumer base,” Levy reports. “Looking at its rivals, it’s clear that history doesn’t favor Apple.”
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MacDailyNews Take: The hits just keep on comin’.