Apple is the most valuable publicly traded company in the US, and its valuation has again exceeded $3 trillion, even as financial analysts have been concerned about sales for the iPhone 15 range.
Apple supplier Foxconn is struggling to get its factories in India to operate efficiently, with employees citing language barriers, culture clashes, and difficulty adapting to strenuous schedules.
Figures for November 11's Singles Day in China show that sales of the iPhone dropped 4% year over year — while Huawei smartphones grew 66% in the same period.
President Xi Jinping of China hosted a dinner in San Francisco on November 15, 2023, intent on convincing top business people including Apple's Tim Cook, that China is force for good in the world.
Apple MixC Wenzhou in China has opened and demonstrates just how the company's finely-honed retail operation is, with its interior practically indistinguishable from Apple Tysons Corner in the US.
Analyst Ming-Chi Kuo said that Apple's shipments of iPhones in China declined more than he expected.
Apple is set to broaden its retail presence in China with the opening of Apple MixC Wenzhou, marking the company's first venture into the bustling city of Wenzhou.
Investment firm Piper Sandler suggests weak iPhone demand in China and economic headwinds will make Apple's December quarter weaker than expected.
Chinese authorities say their tax and land use probe into iPhone maker Foxconn is unrelated to forthcoming elections, but then cautions firms over "social responsibilities."