It seems all it took was an email from Tim Cook. And a little help from CNBC’s Jim Cramer:
“I get updates on our performance in China every day, including this morning, and I can tell you that we have continued to experience strong growth for our business in China through July and August. Growth in iPhone activations has actually accelerated over the past few weeks, and we have had the best performance of the year for the App Store in China during the last 2 weeks.”
Apple went from -10% negative to 2% positive. It is currently trading near -3%.