Apple Realizes its iPhone Problem But Pivot Sees Major Challenges

Apple, the $801 billion electronics giant, is reportedly initiating major changes in its executive team by altering roles and establishing new strategies. According to The Wall Street Journal, the move is a response to the lackluster sales figures of the iPhone in key markets including China. Last month, Apple CEO Tim Cook released a public letter to investors describing the company’s struggle in China, mainly attributing it to geopolitical risks including the trade war with the U.S. Some analysts stated that the lower-than-expected sales of the company’s flagship product were largely triggered by the plateauing smartphone technology development. Smartphones have

The post Apple Realizes its iPhone Problem But Pivot Sees Major Challenges appeared first on CCN