Apple CEO Seeks to Ease Fears That iPhone Is in Trouble in China
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Apple Inc. Chief Executive Officer Tim Cook sought to assure Wall Street that iPhone demand remains strong in China, where it's grappling with the rise of Huawei Technologies Co. and an increasingly uncertain business environment for US firms.After Apple posted less revenue in China than some analysts projected last quarter, Cook blamed weakness in its Mac and iPad businesses. The company also pointed to currency fluctuations, which reduced the value of money generated in the region. We are now on WhatsApp. Click to join Overall revenue in greater China declined 2% from the year-earlier period — a steeper drop than Apple experienced companywide. And Apple shares declined more than 3% in late trading Thursday.But the iPhone continued to make inroads in the market, Cook said. Tha...