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Apple Inc. (NASDAQ:AAPL), Tesla Motors, Inc. (NASDAQ:TSLA) - Apple, Tesla Earnings Reports Show An Increasing Reliance On China As A Market


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Apple Inc (NASDAQ: AAPL) and
Tesla Inc (NASDAQ: TSLA) are both increasingly dependent on China for generating revenues, the latest respective company earnings indicate.
What Happened: In the quarter ended March 2021, the Tim Cook-led company saw revenues rise in China more than from all other territories with the exception of the rest of Asia Pacific.
Cook said he was “very pleased” with Apple’s performance in China during the earnings call.
“We set a March quarter revenue record and grew strong double digits across each of the product categories.” The Apple CEO said that the company was “attracting some new customers in China, which is really important to us.” ....

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