Apple Shares Pare Loss as Cook Says China Growth Is Strong
Apple's Wild Swing in One Epic Chart
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Apple Inc.’s shares pared their loss amid a global market retreat after Chief Executive Officer Tim Cook told CNBC’s Jim Cramer the iPhone maker has seen “strong growth” in China this summer.
Cramer said he received an e-mail from Cook saying iPhone activations have accelerated in China in recent weeks and the country “represents an unprecedented opportunity over the long term.” An Apple representative confirmed the e-mail.