Apple’s China Slump Deepens Even as Total Sales Grow Again
- The iPhone helped boost revenue during holiday quarter
- China sales were weaker than analysts had anticipated
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Apple Inc. shares bounced back from a 4% decline Friday as investors looked past a deepening slump in its China business.
After sliding as low as $179.25 — Apple’s worst intraday drop in a month — the stock briefly went positive. As of 11:45 a.m. in New York, it down less than 1% at $186.03.