Shares in China-listed Apple suppliers fall
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Apple has faced falling market share and declining sales amid tougher competition from local rivals like Xiaomi and Huawei.
In an attempt to help stem falling iPhone sales in China, Apple has introduced new trade-in deals, though they seem too minor.
In “Apple in China,” Patrick McGee argues that by training an army of manufacturers in a “ruthless authoritarian state,” the company has created an existential vulnerability for the entire world.
Lashing out at Apple’s plans to make most of its U.S. iPhones in India, President Donald Trump on Friday threatened to slap a 25% tariff on the popular device unless the tech giant starts building the product in its home country — a move that still seems unlikely to happen any time soon,
Chinese consumer electronics giant Xiaomi has launched a new electric SUV and debuted a self-designed smartphone chip, in a push to expand beyond its roots in budget devices.
Apple is offering additional trade-in discounts for new iPhones in China until June 18, according to its website on Friday.
Patrick McGee’s “Apple in China” examines the company’s complex relationship with China and the lasting effects of that alliance.
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