Currency impact doubled fall for Apple's sales in China, but underlying conditions remain tough

Apple is looking in pretty good shape this week. After posting a record quarter, IDC reported that the iPhone overtook Samsung during the holiday quarter and Strategy Analytics estimated that the Apple Watch - which also saw record (if unspecified) sales - also took 63% of the smartwatch market. It wasn’t all good news, however. Alongside a continued slump in iPad sales, the company also reported a 12% fall in sales in China. This contrasted with 14% growth a year earlier. Apple explained one ...