Apple is starting an app development program in China as part of the iPhone maker's efforts to push its services business to new heights

SHANGHAI - Apple has started a program in Shanghai to help Chinese developers create apps as part of the iPhone maker's efforts to build out its services business in one of its most critical overseas markets.

The launch comes at a time when iPhone sales in China — and the world — have slowed and CEO Tim Cook has talked up Apple's services business in the country as a bright spot. The services business gets revenue from apps, media, and other software. Apple opened a similar accelerator in 2017 in Bengaluru, India. Both the Indian and Chinese smartphone markets are dominated by companies who make Android-based devices, such as Xiaomi and Samsung.

To add to slowing sales, Apple has also been caught up in a trade war between Washington and Beijing.

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Source: MarketWatch - 🏆 3. / 97 Read more »