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China hints at retaliation against Apple and iPhones if trade war goes hot

Gregg Keizer | Nov. 15, 2016
State-backed newspaper promises 'tit-for-tat' if President-elect Donald Trump follows through with promised tariffs

Phones topped that list, with laptops running slightly back, with $37.1 billion in imports to the U.S. from China. That represented 93% of all laptop imports.

China is a very important market to Apple. The $8.8 billion in revenue from the region in the September quarter represented 19% of Apple's total. Yet revenue attributed to China has been down year-over-year for three consecutive quarters: In the third quarter, it was off 30% from the same period in 2015.

Last month, CEO Tim Cook blamed several factors for the continued slide in revenue from the region, but said the most important was the brisk sales of the larger iPhone 6 and 6 Plus models in 2014-15. "So when that upgrade rate in fiscal year 2016 returned to a more normal upgrade rate, which would be akin to what we saw with the iPhone 5S as a point, it had further to fall," Cook contended.

 

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