Comment by chii
1 day ago
> China had been an important area of growth for many companies during the 2010s. Apple bent over backwards to cater to that market
and it is the same with european car companies (like volkswagon). Look at where they are now.
I don't believe for a second, that china will not oust apple the moment there's a good reason to.
> Look at where they are now.
Apples revenue from china has been super dependent on new iPhone looking different, and has been steadily declining or flat for years, except for a few quarters when Huawei was sanctioned.
Chinese money was absolutely the forbidden temptress that continues to screw businesses. Luxury goods, cars, electronics, etc were all banking on china’s economic rise to grow their revenue, and post covid recovery saw all that money stay domestic.
China won’t oust Apple because twisting Tim Cook’s arm is way more useful. Same with Tesla and any other company that makes a big bet there. But they absolutely won’t be giving American companies an equal chance at success.