SHANGHAI: Apple Inc 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.
On Tuesday, a report from research firm Evercore ISI said that Apple's services revenue had likely risen over the quarter ended June, driven in part by growth in China. To tackle competition, Apple launched several financing schemes earlier this year to make iPhones more affordable for Chinese consumers. Chinese electronics retailers also reduced the price of some iPhone models.To add to slowing sales, Apple has also been caught up in a trade war between Washington and Beijing.
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