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

Trump's trade war looms over China's sluggish economy despite show of strength at National People's Congress - CBS News

China's assembled delegates don't care to discuss President Trump's escalating trade war, but the underlying message from Beijing is one of confidence. Latest U.S. 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

China’s industrial profits unexpectedly fall in ominous sign for economy

Profits at China’s industrial firms contracted at the start of 2025, flashing a worrying sign for the economy as higher US tariffs loom. Industrial profits fell 0.3 per cent in the first two ... 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

China’s Economy Loses Momentum - WSJ - The Wall Street Journal

China will probably hit its “around 5%” growth target for the year, but economists say more stimulus will be needed as trade tensions loom. Read More

As China’s economy slows, one industry is seeing record profits: Covid testing - CNN

China’s zero-Covid strategy of endless testing and lockdowns has hammered its economy and taken a toll on company profits, but it has delivered a windfall for test makers. Read More

China Industrial Profits Return to Growth - WSJ

Industrial profits jumped 10.2% in the first two months of 2024, compared with a 2.3% decline for all of 2023, the National Bureau of Statistics said Wednesday. The result was partially thanks to ... Read More

Apple sales boost profits, but China struggles continue

Apple has finally ended its losing streak. The company reported its first sales growth in a year on Thursday, boosted in particular by record revenue from its App Store and other services. But it ... Read More

China’s Economy Slows Sharply as Housing Troubles Squeeze Spending

China’s National Bureau of Statistics canceled its usual news conference that accompanies the release of data and Chinese companies are mostly avoiding the release of earnings reports this week. 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