Ron Burgundy Posted July 7, 2015 Share Posted July 7, 2015 By Mari Saito SAN FRANCISCO (Reuters) - Tumbling markets and economic uncertainty in China pose a risk to major chipmakers such as Qualcomm Inc that derive a big portion of their sales from the world's second-largest economy. Consumer electronics giant Apple Inc could also be vulnerable - 17 percent of the company's overall revenue last fiscal year came from China, and in the most recent quarter it sold more iPhones in the country than in the United States for the first time. "When you have waning demand hitting at the same time (as the stock market uncertainty), it just makes that industry that much more difficult," said Christopher Rolland, a senior equity analyst at FBR Capital Markets & Co. Beijing took steps during the weekend to revive shares following a 30 percent slide in its stock market since mid-June, which raised investors' concerns about the stability of the Chinese economy. View the full article Quote Link to comment Share on other sites More sharing options...
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