Apple reported that its sales in the China region fell by nearly 27 percent that quarter, contributing to a slight decline in its overall profit. But since then, Apple’s business has rebounded, the global economy has remained largely stable, and the company’s stock has roughly doubled. Apple’s revenue rose by almost 9 percent to $91.8 billion. In addition to its large sales presence in China, Apple also assembles most of its products there. In the latest quarter, Apple debuted one of its biggest efforts to expand its services business: Apple TV Plus, a package of exclusive TV shows produced by Apple that costs $5 a month, cheaper than most offerings from rivals.

Source: New York Times January 28, 2020 21:45 UTC