Apple CFO Says ‘Very Confident’ in China After Market Turmoil
How Will China Play Into Apple's Story?
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Apple Inc., which saw revenue more than double in greater China during the past quarter, said it remains confident in the country after turmoil in the stock market there this month.
“There’s been bit of volatility in the equities markets, but we think that’s a relatively small portion of the Chinese economy,” Luca Maestri, Apple’s chief financial officer, said an interview on Tuesday. “When we look at the macro conditions in China, we couldn’t be more positive.”