Apple Inc. (NASDAQ:AAPL) CEO Tim Cook has described China as “the most competitive market in the world” following the company’s underwhelming quarterly results, which were attributed to a drop in demand in China and fierce competition from Huawei Technologies. What Happened: During the earnings call on Thursday, Cook acknowledged the challenges faced by Apple in China, which led to a decrease in revenue to $90.75 billion for the quarter ending March 30, according to the data from Benzinga Pro. The decline was primarily driven by a 10.5% drop in iPhone sales, which generated $46 billion. Despit…
