This isn't the first time the tech giant has been hit with negative headlines in recent months.
Jim Cramer has some simple advice for investors trying to make sense of the latest Apple news going into next week's earnings: Don't panic. State media Global Times reported on Sunday that Chinese authorities are investigating key Apple supplier Foxconn. It's just the latest in a string of negative headlines for the tech giant in China, its third-biggest market. Meanwhile, Bloomberg reported that Apple is busy playing catch-up with its mega-cap peers on artificial intelligence.
A person poses holding the original iPhone and the new iPhone 15 otuside the Fifth Avenue Apple Store ahead of the launch of Apple’s new iPhone 15 on September 22, 2022 in New York City.
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Apple supplier Foxconn subjected to tax inspections by Chinese authoritiesChinese state media report that Foxconn, a Fortune 500 company known globally for making Apple iPhones, was recently subjected to searches by Chinese tax authorities.
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Apple supplier Foxconn subjected to tax inspections by Chinese authoritiesChinese state media report that Foxconn, a Fortune 500 company known globally for making Apple iPhones, was recently subjected to searches by Chinese tax authorities.
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