Sales of Apple's iPhone, the company’s most important product, fell for the first time; the company also missed expectations for its revenue, earnings and quarterly guidance, thereby sending shares down by more than 6%. The stock has fallen about 10% since Apple reported a profit in late June. In 2009, about 28% of China’s population was accustomed to shopping online This follows comments this week by Chinese billionaire entrepreneur and Chairman of LeEco, Jia Yueting, who told CNBC that Apple is "outdated" and losing momentum in China
Sales of Apple's iPhone, the company’s most important product, fell for the first time; the company also missed expectations for its revenue, earnings and quarterly guidance, thereby sending shares down by more than 6%. The stock has fallen about 10% since Apple reported a profit in late June. This follows comments this week by Chinese billionaire entrepreneur and Chairman of LeEco, Jia Yueting, who told CNBC that Apple is "outdated" and losing momentum in China