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Huawei just gave Tim Cook a new headache in China [Business Insider]
Last apple inc. earnings: 4/30 04:30 pm
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The devices give Chinese consumers another reason to abandon their iPhones. Tim Cook would like you to think everything is going swimmingly for Apple in China. A highlight reel of the Apple CEO's recent trip to the country , posted to his Weibo account, showed him being papped by fans at the opening of a new store in Shanghai's Jing'an district, taking selfies on an iPhone with celebrity models, and casually strolling the historic Bund. "Every time I am in China, I can feel the unique charm here again. Thank you very much for the warm reception!" Cook wrote in the social media post Here's the thing. The Apple chief actually had a major dilemma facing him in China at the time he posted the video last month: iPhone sales were down by an alarming 24% in the first six weeks of the year, per data from Counterpoint Research. And despite the charm offensive from Cook, there's a risk that downward spiral is about to get a whole lot worse. On Thursday, Huawei released a new series
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