PALO ALTO, U.S. -- Apple is optimistic about its outlook in China after the iPhone 11 was "extremely well received" in the world's biggest smartphone market, where the U.S. company has struggled of late. However analysts warn that Apple will face intensifying competition there as rivals aggressively push 5G offerings.
The latest iPhone series logged $33.36 billion in revenue in the quarter ended September, down 9% on the year, the company announced in its earnings call on Wednesday. In greater China, which includes the mainland, Hong Kong and Taiwan, the sales dip was a smaller 2.4%, better than the 4.1% decline in the quarter ended June.
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