Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Apple In China: Apple Not Making Many Friends in China

Apple In China: Despite the fact that Apple Inc. (NASDAQ:AAPL) CEO Tim Cook has spent a lot of time in China this year alone, the Cupertino-based company does not seem to be making many friends in the country. For a company that realizes that China could be its biggest market moving forward, this is not good news.

Apple Inc. (AAPL) to be Added to Several WisdomTree ETFsApple Inc. (NASDAQ:AAPL) may be the smart money’s second favorite publicly traded company but hedge funds have started dumping the Cupertino-based company in favor of a surprising financial stock (see which stock hedge funds are buying like crazy).

Before we go any further, it is important to note that any company as big as Apple Inc. (NASDAQ:AAPL) is going to make people mad from time to time. However, this time around things are getting ugly.

In short, Apple is in hot water for its warranty practices in China. Along with this, local journalists don’t care for the way they have been treated by the company as of late.

CNET has more on this story, and here is a brief excerpt explaining the basics of what is going on:

“Earlier today, The People’s Daily — which is owned by the Communist Party of China — ran a story criticizing the iPhone and Mac maker for its response to issues raised about its warranty practices in the country.”

If you want to check out the story by The People’s Daily in its entirety, you can do so by visiting this page.

The issue is based around a recent segment on China Central Television during which Apple Inc. (NASDAQ:AAPL)’s warranty was discussed. In short, the segment claimed “Apple repaired only broken or otherwise faulty parts within its products for customers in China, versus providing replacements in other countries.”

Rather than act like nothing happened, Apple did take the initiative and release a statement via its official Chinese website. You can read its online response here. In short, the company said that it respects its customers in China and is in compliance with all local laws.

Unfortunately for Apple, The People’s Daily did not really care what type of statement they released. Instead, they published a front page story earlier today scolding the company for not responding to interview requests.

Hopefully for Apple Inc. (NASDAQ:AAPL)’s sake, this story dies down sooner rather than later. After all, the company is experiencing greater growth in China than anywhere else in the world.

Check back here for more updates on Apple In China.

What do you think about this? Share your thoughts in the comment section below.

DISCLOSURE: I have no positions in any stock mentioned.

For more news, visit these pages:

Apple Inc. (AAPL) can’t be Trusted in the Courtroom?

A Political Bill for Increased Apple Inc. (AAPL) iPad Usage on Airplanes

Apple Inc. (AAPL) Wins Patent Lawsuit Against Samsung in UK

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!