What's Behind Apple's Sales Slump And Dire China Warning?
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Apple remains one of the biggest and most powerful companies in the world, and iPhone sales are its most important metric. So when iPhone sales slump in China, it means billions of dollars lost. And it rattles markets across the world. These are the three big factors dragging down Apple in China. logo SIGN IN PRO WATCHLIST MAKE IT USA INTL MENU logo MARKETS BUSINESS INVESTING TECH POLITICS CNBC TV SEARCH QUOTES TRADING NATION VIDEOS TRADER BIOS COMMENTARY Apple's China warning is a 'canary in the coal mine,' says expert Stephen Roach Stephanie Landsman | @stephlandsman Published 6 Hours Ago Updated 5 Hours Ago CNBC.com Apple’s earnings warning is likely ‘canary in the coal mine:’ Stephen Roach Apple’s earnings warning is likely ‘canary in the coal mine:’ Stephen Roach 23 Hours Ago | 01:16 Earnings season may deliver a wake-up call to Wall Street. Stephen Roach, one of Wall Street's leading authorities on Asia, believes multinational corporations are largely underestimating the impact of the U.S.-China trade war on their bottom lines. According to Roach, the first indication came last week when Apple announced that China is taking a bite out of profits. "Apple is probably the canary in the coal mine," the Yale University senior fellow said Monday on CNBC's "Trading Nation." "There's likely to be more to come." Roach, who was Morgan Stanley Asia chairman for five years, sees the trade conflict with China as the biggest threat to the U.S. economy and markets. If a solution isn't achieved soon, Roach predicts more problems ahead. "To think that what affects the Chinese has no bearing whatsoever on an otherwise resilient U.S. economy I think, is ludicrous," he said. "This is a two-way relationship. The U.S. depends heavily on China. It's our third largest and most rapidly growing export market over the last 10 years." » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC #Apple What's Behind Apple's Slump And Dire Warning About China
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