Apple’s bad China news: Who’s next? – The Wall Street Journal

DUBLIN – It's clear that the ongoing China/US trade war is hurting China. Chinese retail sales are sluggish and it passenger car sales fell in 2018, for the first time since 1990. Chinese consumers, especially the wealthier ones, are feeling the bite of uncertainty. They're cutting back and delaying major purchases as they wait to see how the trade conflict plays out against the backdrop of a slowing Chinese economy. Apple was the first US casualty of the China slowdown. China is responsible for about 20% of Apple's worldwide sales and the slump has hurt the iPhone manufacturer. But Apple is far from the only big US company to be exposed to the Chinese consumer market. As stock markets continue in a holding pattern, many investors are anxiously waiting to see which other US companies are going to take a hit from the trade-induced slowdown in China. – Felicity Duncan

Apple Rattled Markets With Warning About China. Who's Next?

By Inti Pacheco and Theo Francis

When Apple Inc. said China's slowing economy contributed to its late-year sales slump, the news rattled the stocks of other major U.S. companies with big operations in the world's second-largest economy.

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