Apple revenue drops as China sales tumble

Apple Inc saw its first quarterly revenue drop in 13 years on weaker China performance while its local rival Huawei Technologies Co is gaining strong momentum in the mid- to high-end sector.

Apple said on Tuesday its sales dropped by more than a quarter in China, its second-largest market after the United States.

The company said in its fiscal quarter that ended on March 26, sales in China fell 26 percent to $12.49 billion, due to weak demand for iPhones in the country. In the same quarter a year earlier, Apple's China sales rose 71 percent.