Apple CEO Tim Cook would make shock pay a visit to to China as Iphone 15 will get off to a hard start off

Apple CEO Tim Cook would make shock pay a visit to to China as Iphone 15 will get off to a hard start off


Apple CEO Tim Cook holds up a new Iphone 15 Professional for the duration of an Apple celebration on Sept. 12, 2023, in Cupertino, California.

Justin Sullivan | Getty Photos Information | Getty Illustrations or photos

Apple CEO Tim Prepare dinner cheered on players at an party through a shock take a look at to China, underscoring the market’s value to the Iphone large at a time when it faces mounting difficulties.

Gamers gathered at an Apple store in Chengdu in southwestern China to perform “Honor of Kings,” a recreation produced by TiMi Studio, which is owned by Chinese tech huge Tencent.

“The motion-packed Honor of Kings started off right here in Chengdu and is now a international phenomenon on the App Retail outlet,” Cook claimed in a post on Chinese social media service Weibo.

Prepare dinner also posted a video of himself cheering on avid gamers at the event. Honor of Kings is just one of the greatest mobile online games in China and a substantial earnings driver for Apple’s Application Store in the region.

The Apple CEO’s stop by to the company’s 3rd-premier current market will come just underneath a month right after the Apple iphone 15, the firm’s flagship smartphone, went on sale to a seemingly lukewarm reception, and as a crushed down Huawei makes an attempt to make a comeback in the mobile market place.

Huawei could add 10 million units' worth of headwinds to Apple in China, IDC says

“It’s a rough begin for Apple to be guaranteed and it can be a combination of things driving this,” Ethan Qi, associate director at Counterpoint Investigation, told CNBC via e-mail.

Qi attributed Apple’s troubles to poor buyer sentiment, the Apple iphone 15’s poorer general performance than the Apple iphone 14 and expanding level of competition in the significant-conclude smartphone current market.

“All of these points are doing the job with each other to take some of the shine away from Apple’s lustre for the duration of the very first handful of months of Apple iphone 15 sales,” Qi stated.



Resource

Palantir CIO Jim Siders leaves to become head of Thrive Capital’s new IT services business
Technology

Palantir CIO Jim Siders leaves to become head of Thrive Capital’s new IT services business

Jim Siders speaks at an event Courtesy: Jim Siders Thrive Capital, the tech investment firm known for taking big stakes in companies including OpenAI, Stripe and Databricks, announced on Monday that it’s tapped Palantir veteran Jim Siders to serve as CEO of Shield Technology Partners, a newly created business focused on IT services. Siders spent […]

Read More
Market rotation, the Fed’s Kevins, Netflix’s ‘Star Wars’ moment and more in Morning Squawk
Technology

Market rotation, the Fed’s Kevins, Netflix’s ‘Star Wars’ moment and more in Morning Squawk

Traders work on the floor of the New York Stock Exchange on Dec. 11, 2025, in New York City. Spencer Platt | Getty Images This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day: 1. Cold front Rotation […]

Read More
CNBC Daily Open: U.S. stocks retreat from highs as Broadcom leads tech sell-off
Technology

CNBC Daily Open: U.S. stocks retreat from highs as Broadcom leads tech sell-off

Signage at the Broadcom Inc. headquarters in San Jose, California, U.S., on Monday, June 2, 2025. David Paul Morris | Bloomberg | Getty Images The sell-off in artificial intelligence stocks continued unabated Friday stateside. Broadcom shares tumbled more than 11% as investors grew concerned over lower margins and uncertain deals. Names such as Nvidia, Advanced […]

Read More