Reports of Apple’s death in China were greatly exaggerated – analysts

Julie Hyman for Yahoo Finance:

When Apple reported its earnings on Wednesday after the close of trading, there was a surprise for investors: Sales in China fell by only 2.4%, capping off a tough year in that nation.

Now, analysts say Apple’s China revenue is poised for a comeback.

“We think there’s a very good possibility that Apple returns to growth in China in the December quarter,” Angelo Zino, senior industry analyst at CFRA Research, told Yahoo Finance’s On the Move.

“Remember, all the haters out there, all the conspiracy theories, there was a view that you’d be burning iPhones in the street in China. And instead, they’re actually buying them,” said Dan Ives, managing director of equity research at Wedbush Securities.

MacDailyNews Take: Yup.

…This whole China thing, at this point, is still overblown by far too many.MacDailyNews, May 17, 2019

People tend to fear the worst. It almost never happens.MacDailyNews, May 14, 2019


    1. Yes, it’s the “tech analysts” and the “financial gurus” who are surprised, but they are never wrong, according to themselves. Happens more regularly than mere incompetence would allow.

  1. Well Cook could standup for free speech in a communist country and lose all those sales. Just think of how the naysayers will celebrate the loss 10’s of million Apple product sales in China.

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