Following Tuesday's quarterly earnings report, Apple CEO Tim Cook admitted that the company is seeing "economic softness" in Greater China, which includes Taiwan and Hong Kong, and that the region can no longer be relied on to counter the broader slowdown in the global smartphone market. However, Cook remains optimistic about China and is committed to ongoing investment, including an increase in the number of stores from 28 to 40 by this summer. On a conference call with analysts after its Tuesday earnings report, Cook said the company is beginning to see "economic softness" in the region, particularly in Hong Kong. The iPhone 6 will go on sale later this year, with a price tag starting at $199 for 64GB or 128GB.
Following Tuesday's quarterly earnings report, Apple CEO Tim Cook admitted that the company is seeing "economic softness" in Greater China, which includes Taiwan and Hong Kong, and that the region can no longer be relied on to counter the broader slowdown in the global smartphone market. However, Cook remains optimistic about China and is committed to ongoing investment, including an increase in the number of stores from 28 to 40 by this summer. The iPhone 6 will go on sale later this year, with a price tag starting at $199 for 64GB or 128GB.