And it seems that it is not only Apple's problem that China is stopping its purchases from other countries, Samsung has just announced that the company will not reach the forecasts they expected for the next quarter and how could it be otherwise like tim cook, in his day he was the fault, according to what they say is the drop in sales in the Asian country ...
Yes, it seems that all the blame for the poor sales is China and in this case the South Korean firm is also based on this country to argue that the income will not be as expected at first. So in addition to Apple it seems that Samsung and the rest of brands from outside the country they will not do well because of the sales recession.
In china now Huawei, Oppo or Xiaomi products are bought
And it seems that the Chinese market is benefiting from the North American trade policies with the country and a blow of patriotism added to the good work of these brands that we highlight among others, make that everything that comes from outside the country is no longer so well seen. What has been a patriotic blow to the rest of the companies that are seeing their income decrease due to bad sales and this means that some of the large companies (such as Apple or Samsung among others) have to rectify the income forecast in the next trimester.
On the other hand, it is important to mention that Apple and Samsung go quite hand in hand in obtaining income from sales and that is most iPhones sold by Apple in China have Samsung screens, so obviously when one loses sales in the country the other is affected whether they want to or not. Be that as it may, the South Korean company is preparing to announce tomorrow, January 8, a drop of approximately 12% in profit compared to the same period of the previous year, so that net profits will fall 5% over what they previously calculated. Without a doubt, it seems that the sector is suffering this blow from China, we will see how the issue advances but for the moment it does not look very good.
