Apple CEO Tim Cook Is Still 'Optimistic' While Apple Struggles In China Amid Huawei's Rise
Portfolio Pulse from Ananya Gairola
Apple Inc. (NASDAQ:AAPL) is facing challenges in China due to a bleak revenue outlook, intensifying competition from Huawei, and political tensions between the US and China. Despite these challenges, CEO Tim Cook remains optimistic about the iPhone's demand in China. Meanwhile, Joe Lonsdale, co-founder of Palantir Technologies Inc. (NYSE:PLTR), suggested that Apple should consider moving its iPhone supply chain out of China due to potential risks and challenges.
November 03, 2023 | 10:02 am
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Apple's revenue in China has dropped, leading to a 3% drop in the company's shares.
Apple's revenue in China has dropped due to competition from Huawei and political tensions, which has led to a drop in the company's shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Joe Lonsdale, co-founder of Palantir, suggested that Apple should consider moving its iPhone supply chain out of China.
Joe Lonsdale's suggestion for Apple to move its iPhone supply chain out of China could potentially impact Palantir if Apple decides to take this advice.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50