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Apple: Nike Results And Other Data Bode Well For September Quarter In China

2015-09-25 19:54:48| Footwear - Topix.net

Nike's results indicated that premium U.S. brands are still doing well in China, despite assumed economic headwinds. Combined with CEO Tim Cook's recent statement about continued strong growth in China in July and August, Apple investors can look forward to a very positive September earnings report Nike reported results for their fiscal 2016 Q1 on September 24 and surprised analysts with a 30% y/y increase in revenue for Greater China to $886 million.

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