Apple, Google profits squeezed on China, sluggish economies | Business and Economy News - Al Jazeera

Apple, Google profits squeezed on China, sluggish economies. Apple reports first drop in quarterly revenue since early 2019, as China’s zero-COVID policy disrupted iPhone production. Read More

China shoe retailer Belle says sluggish economy to bring 2-year profit squeeze | Reuters

China's top shoe retailer Belle International Holdings Ltd said it expects sluggish growth in the world's second-largest economy to weigh on its earnings for the next two years after profit ... Read More

Apple Sales Fall as iPhone, China Businesses Remain Sluggish

Apple’sAAPL 0.07 % increase; green up pointing triangle revenue declined for the fifth time in the past six quarters, dragged down by ailing iPhone sales and new competition from smartphone ... Read More

Apple’s iPhone Sales Fuel Record Profits, Despite Recession Fears and China Worries - Observer

Apple reported quarterly sales of $90 billion, a record high, for the June-September fiscal period. About half of Apple's revenue came from iPhones. Read More

China's industrial profits tumble, deepening economic gloom

Annual profits at China's industrial firms extended a double-digit decline in the first five months as softening demand squeezed margins, reinforcing hopes of more policy support to bolster a ... Read More

China’s ‘sluggish’ economy: squeezing the middle classes

Yes, the rebound in April and May was less than expected, but China’s economy is still performing strongly. In May, total retail sales of consumer goods grew by 12.7% year on year, and catering ... Read More

China Economic Rebound Falters, Weighed by Debt, Property Slump, Little Stimulus - Bloomberg.com

It was meant to be the year China’s economy, unshackled from the world’s strictest Covid-19 controls, roared back to help power global growth. Instead, halfway through 2023, it’s facing a ... Read More