Apple takes $2.2bn hit as Chinese resellers snub iPhone 4S – Channel Register

July 26, 2012 Posted By: Leave a comment
iPhone supreme leader Tim Cook said Apple's $2.2bn revenue fall in China this quarter was caused by Cupertino flooding the distribution channel with unwanted stock. Sales in the authoritarian regime tumbled from $7.9bn in Q2 to $5.7bn in Q3, a ...
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