Apple’s (NASDAQ:AAPL) smartphone shipments in China dropped by 21% in January, a significant hit that underscores the growing challenges in the world’s largest consumer market. According to the China Academy of Information and Communications Technology, the foreign-branded phone segment, including Apple’s iPhone, shrank to 4.4 million units from 5.5 million units a year earlier. Total…
Feb 26, 2025 Apple Inc. has reached a pivotal agreement with Indonesia to invest in the country, facilitating the resumption of iPhone 16 sales in Southeast Asia’s largest nation. The deal, as reported by Bloomberg Technoz, was announced by Minister for Industry Agus Gumiwang Kartasasmita during a media briefing in Jakarta. This development concludes a…
Hong Kong-listed Citic said it would sell its 19.23 per cent stake in Fast Food Holdings to a private-equity unit of its affiliate, Trustar Capital Partners, according to a stock exchange filing on Monday. “The disposal is based on the group’s business development strategy” and “provides a good investment return”, Citic said. It said the…