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May iPhone Sales Tumbled 7.7% in China

TheMotleyFool

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After rebounding sharply higher in April, Apple (NASDAQ: AAPL) iPhone sales tumbled 7.7% in May in China compared to the previous month, according to data gathered by CNBC.

China is undergoing its first major recession in decades due to the pandemic, and with jobs at risk due to the economic slowdown, consumer sentiment is in decline. Still, online sales appear to be robust.

Image source: Apple.

Source Fool.com

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