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Apple Defies China Slowdown Fears With Strong Iphone Sales


Ron Burgundy
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File photo of one of the first customers holding his phones as Apple iPhone 6s and 6s Plus go on sale at an Apple Store in BeijingApple Inc reported blockbuster iPhone sales in China, suggesting that worries about the company's growth trajectory in the world's second-largest economy are overdone. Apple's shares rose nearly 3 percent in early trading on Wednesday. The stock has lost about 7 percent of its value in the past three months as investors fret that the slowing Chinese economy would derail Apple's successful run in the country.




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