A growing number of Chinese consumers are switching from Apple's iPhone, Hong Kong paper says
is like "cutting the ground from under one's foot," according to the Hong Kong-based newspaper.
Apple, a big player in China, is sitting in the crossfire of the tit-for-tat tariffs between the U.S. and China. Its China business accounted for more thanin its fiscal second quarter and the company sells billions of dollar worth in iPhones in China every year. Now the anti-Apple sentiment in China is creating more headaches for the tech giant who is already suffering from the slowing iPhone demand. Shares of Apple has tumbled nearly 12% in the past month as trade tensions intensified. The U.S. hiked tariffs on $200 billions worth of Chinese goods earlier in May. China retaliated by raising duties on $60 billion worth of U.S. imports to as high as 25%.
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