China’s economy isn’t the problem, says Trump’s Commerce Secretary about Apple : Last week, Tim Cook partly blamed Apple’s weak iPhone sales on the growing tensions between the US and China. But speaking with CNBC today, President Trump’s Secretary of Commerce, Wilbur Ross, has claimed that this isn’t the case.
While Ross did admit that the ongoing trade talks between the two countries have undeniably affected China’s economy negatively, he appears to believe Apple hasn’t been hit that hard by the situation.
Ross didn’t directly confirm his personal thoughts on the matter, but he did seem to suggest Apple’s weak performance is down to other factors. One of these could be the company’s pricing strategy. After all, over the past couple of years, the Cupertino giant has significantly raised prices.
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