Apple to settle class action for $490 million after Tim overcooked China outlook

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CEO's optimism was not reflected in the supply chain

"In relation to China specifically, I would not put China in that category. Our business in China was very strong last quarter. We grew 16 percent, which we're very happy with. iPhone in particular was very strong.

He added that China's economy began to slow in the second half of 2018, with the September quarter producing the second lowest GDP in 25 years.Duo face 20 years in prison over counterfeit iPhone scam

 

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