International Courant
Apple CEO Tim Prepare dinner attends the China Growth Discussion board in Beijing, China, March 23, 2019.
Thomas Peter | Reuters
Apple CEO Tim Prepare dinner is visiting Shanghai, in keeping with a message on his web site official Weibo account on Wednesday, forward of the inauguration of a brand new retailer and declining iPhone gross sales within the nation.
A video accompanying the publish confirmed Prepare dinner taking a stroll by way of one of many metropolis’s in style vacationer areas and having breakfast with Chinese language actor and tv persona Zheng Kai.
In response to a press launchOn Monday, the brand new retailer, situated within the metropolis’s Jing’an district, will open on Thursday.
Prepare dinner typically visits China – a vital market and manufacturing base for Apple – to launch merchandise, open factories and meet with native officers. Apple additionally launched earlier this month introduced plans to increase its analysis facilities in Shanghai and Shenzhen
His newest journey additionally comes amid studies that iPhone gross sales in China fell 24% within the first six weeks of 2024 in comparison with the identical interval a yr earlier.
The gross sales decline was partly on account of abnormally excessive deliveries by Apple in early 2023, but in addition on account of elevated competitors from native manufacturers resembling Huawei, analysts stated.
Final yr, Prepare dinner visited China in October following studies that gross sales of the iPhone 15 within the nation had been weaker in comparison with gross sales of the sooner mannequin.
That journey got here a month after studies emerged of staff at Chinese language central authorities companies being banned from utilizing iPhones for work. The Chinese language Overseas Ministry denied the studies
On Friday, Apple reportedly agreed to pay $490 million to settle a category motion lawsuit alleging that Prepare dinner misled traders a couple of sharp decline in iPhone gross sales in China in November 2018, in keeping with a tentative settlement that was filed in federal courtroom in Oakland, California. a
Apple CEO Tim Prepare dinner visits Shanghai amid a slowdown in iPhone gross sales in China
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