Apple tumbled to No. 24 in a report on China’s top brands, falling from No. 11 a year ago and No. 5 before the trade war began. Huawei rose to No. 2.
The trade war is taking its toll on Apple Inc., a new survey of Chinese consumer attitudes shows.
The shuffle in the rankings is a sign of the growing challenge U.S. brands face in the second year of President Trump’s tariff showdown with his Chinese counterpart, Xi Jinping. The survey findings show Chinese consumers growing cooler toward some American brands, especially after smartphone giant Huawei saw its chief financial officer, Meng Wanzhou, arrested in Canada last year at the behest of the U.S. government.
“There’s a lot of nationalistic buying in that category, because Chinese consumers interpreted what happened to Huawei as an attack,” he said. Named after its founder, the famous gymnast, Li Ning capitalized on the nationalistic sentiments of many Chinese consumers with the launch last year of a China Li-Ning collection at New York Fashion Week thatThere were only two U.S. names in the top 10 this year — Android at No. 3 and Intel at No. 9 — down from five in the 2017 survey.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Apples rot in Kashmir orchards, as lockdown puts economy in tailspinIt's harvest time, but the market in the northern Kashmiri town of Sopore -...
Baca lebih lajut »
FedEx Stock Falls 14% After Missed Earnings And Grim Outlook On Global TradeThe company took a hit from trade disputes and the loss of its Amazon business.
Baca lebih lajut »
Former Twitter CEO calls out WeWork CEO Adam Neumann amidst the company's IPO fiasco: ‘This is not the way everybody behaves’As WeWork prepares to go public, it's taken a major hit to its valuation — a hit that former Twitter CEO Dick Costolo pins to its self-dealing CEO.
Baca lebih lajut »
One of France’s Favorite Beauty Brands Has a New Home in L.A.Biologique Recherche is opening its first Stateside in-store spa at Neiman Marcus in Beverly Hills.
Baca lebih lajut »