Apple has seen a 33 per cent drop in revenue from Greater China year-on-year, according to its Q3 2016 results.
The technology behemoth released its latest financial results yesterday, revealing that revenue globally declined 14.6 per cent to $42.36 billion from $49.6 billion a year earlier.
Greater China helped drive some of this decline, over indexing on this drop as revenues fell by a third over the year. According to Tech in Asia, Apple CEO Tim Cook was asked about its investment in Chinese Uber rival Didi, to which he said it’d help the business learn more about China.
Overall, Apple Read full story ›
Source: The Drum
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