As we’ve reported, customers on this planet’s largest smartphone market (that’s simply one other manner of claiming China) have spoken and after the primary six weeks of 2024, iPhone gross sales have plunged in China year-over-year. The Cupertino large skilled a big 24% drop in iPhone gross sales in China through the preliminary six weeks of 2024.
This consequence missed analysts’ estimation by greater than $3 billion. The report has scared buyers into believing there can be sustained iPhone gross sales weak point all through this 12 months, with native smartphone producers like Huawei and vivo changing into more and more standard in China as soon as extra.
This isn’t inflicting Tim Cook dinner and firm to again down. Quite the opposite, Cook dinner opened Apple’s latest retailer in Shanghai (by way of Reuters). A big crowd, consisting of many who had queued in a single day, cheered Tim Cook dinner.
He arrived in Shanghai on Wednesday, inaugurated Apple’s new retailer by opening its doorways and signaling victory along with his fingers, welcoming the early clients who had queued up for the reason that day earlier than. Located reverse the historic Jing’an Temple, this retailer marks Apple’s 57th outlet in China and the eighth inside Shanghai, making it the corporate’s second-largest flagship retailer, following the New York Metropolis Fifth Avenue location.
Tim Cook dinner was joined by Deidre O’Brien, Apple’s Senior Vice President of Retail and Individuals, and remained silent through the opening, which attracted tons of, prompting Chinese language police to manage the gang.
Throughout his go to, Cook dinner engaged with native media and met with representatives from Chinese language suppliers, together with Wang Chuanfu, the top of BYD, a key element provider to Apple. Following Shanghai, Cook dinner plans to go to Beijing to take part within the China Growth Discussion board, which connects international executives with main Chinese language officers.
