With a recent emerging middle class and massive population, China is a big market for the entire technology industry. But the country's economic woes, a trade war and zero-margin home-run rivals have made it tough for all the big names to do business there. In Apple's case, the company had to tell investors that it should not sell as many units in Asia as it had before due to "trading tensions".
According to Reuters buyers of new iPhones could qualify for interest-free credit and pay about $ 41
It is worth saying that a bad time for Apple is not the same as for other companies, as it still makes billions on a monthly basis. However, the company falls victim to the big numbers law, since a small dive on explosive profitability looks worse in comparison.
Apple's certainly keeping an eye on the world of financial services as it seems to expand its sales beyond unit sales. The company is eventually working with Goldman Sachs to launch a credit card for Apple Pay users offering cash savings when buying new Apple devices and services.