Apple CEO in China forward of Shanghai retailer opening – Occasions of India

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SHANGHAI: Apple CEO Tim Prepare dinner was on a China allure offensive Wednesday forward of a brand new flagship Shanghai retailer openingweeks after a report prompt the corporate’s gross sales within the nation slumped at first of 2024.
Prepare dinner posted a video compilation on Chinese language social media platform Weibo that featured him strolling in Shanghai’s Bund space, taking selfies and consuming soup dumplings with Chinese language actor Zheng Kai.
“I am at all times so completely satisfied to be again on this exceptional metropolis,” he wrote in an accompanying caption in Chinese language and English.
Apple will on Thursday open an eighth retailer in Shanghai, China’s most populous metropolis and its monetary hub.
Prepare dinner’s go to comes as worries develop round Apple’s market share on the earth’s second-largest financial system.
A current Counterpoint Analysis report stated iPhone gross sales in China fell practically 1 / 4 year-on-year over the primary six weeks of 2024.
The report attributed the autumn to stiff competitors from home manufacturers, together with tech big Huawei, but additionally famous a better base of comparability from the identical interval in 2023.
However Apple itself stated in February that its web gross sales in Higher China — together with mainland China, Hong Kong and Taiwan — declined on-year within the newest quarter.
On the time cook dinner performed down the slowed gross sales, saying on an earnings name that iPhones remained among the many hottest smartphones in China.
“For the previous three many years Apple has been innovating and delivering one of the best services for patrons in China, and we will not wait to open our latest retailer (in Shanghai),” Prepare dinner stated in a Weibo put up earlier in March.
On Wednesday Prepare dinner posted movies from his visits to a number of Chinese language companies, together with a gaming firm.
Native media reported that Prepare dinner additionally met with the chairman of the world’s greatest electrical carmaker BYD, Wang Chuanfu.
BYD and Apple didn’t instantly reply to a request for remark.



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2024-03-20 09:39:47
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