Nov 03, 2023 08:08 PM

BUSINESS

Apple CEO Seeks to Calm Jitters About China Sales as Huawei Looms

By Liu Peilin and Kelsey Cheng

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On Sept. 27, an Apple store in Hangzhou, Zhejiang province. Photo: VCG

On Sept. 27, an Apple store in Hangzhou, Zhejiang province. Photo: VCG

Apple CEO Tim Cook said iPhone demand remains strong in China as he tried to allay investor concerns about the country’s shrinking smartphone market and competition from the unexpected comeback of Chinese rival Huawei.

The U.S. tech giant reported record quarterly revenue for its iPhone business in China even as its total revenue there fell 2.5% year-on-year to $15.1 billion in the three months ended Sept. 30, Cook said on a conference call with analysts Thursday.

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