Hacker News Reader

Apple is selling its products globally, not just China. Why China's economy decreasing would impact Apple's revenue so dramatically? All blames go to China?

View on HN

China is a big market for Apple.

Yes. It is illegal to lie to shareholders in the US and I refer you to the quote above.

Umm, no. It is illegal to lie on a financial statement. It is not a lie if your corp statement is a theory of why a foreign market has declined.

Yes, but taobility was wondering whether China had such a large impact on Apple's sales, not why.

this is impossibly naive. Of course it's illegal to lie to shareholders, but guaranteed 100% of publicly traded companies do.

What's the SEC going to do? They are in furloughs right now and have no budget to go after anyone. Looking further ahead, if a company has enough money, they can buy off the SEC by getting laws passed that will let the do whatever they want.

Reply on news.ycombinator.com