Tim Cook Lands In China, Praises Tencent's 'Honor Of Kings' Game Amid Reports of iPhone 15 Sales Decline
Portfolio Pulse from Rounak Jain
Apple Inc.'s CEO, Tim Cook, has made an unannounced visit to China amid reports of declining iPhone 15 sales in the country. During his visit, Cook praised Tencent Holdings Ltd.'s popular game 'Honor of Kings', which earned $2.5 billion in 2020, making it the highest-grossing title on the App Store. This visit comes at a time when Apple's sales are reportedly declining in China, with some estimates suggesting a 'sharp double-digit' fall compared to the iPhone 14 series.
October 17, 2023 | 11:57 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Apple's iPhone 15 sales are reportedly declining in China, which could negatively impact the company's stock.
The reported decline in iPhone 15 sales in China, a major market for Apple, could negatively impact the company's revenues and subsequently its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Tencent's 'Honor of Kings' game was praised by Apple's CEO, which could positively impact the company's stock.
The praise from Apple's CEO for Tencent's 'Honor of Kings' game could boost the game's popularity and subsequently positively impact Tencent's revenues and stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80