Apple iPhone Delay Hurt China Sales, Leaving a Lot Riding on 5G
- Rival smartphone makers launched 5G models earlier than Apple
- Company sees larger model, 5G capabilities reviving sales
This article is for subscribers only.
Apple Inc. on Thursday reported its lowest revenue in China since 2014, causing concern the company is losing momentum to homegrown rivals in one of its most critical markets.
Sales in Greater China fell 29% in the quarter ending Sept. 26, with the company attributing the slump to the delayed launch of the iPhone 12. The stock fell 4% in extended trading.