An Apple Store employee walks past an illustration of iPhones at the new Apple Carnegie Library during the grand opening and media preview in Washington, U.S., May 9, 2019. REUTERS/Clodagh Kilcoyne
Over the past year, the best way to make money was to be a Chinese bank. Or Apple Inc.
The Cupertino-based smartphone maker led the world for the fourth straight time with US$57.2bil (RM238.70bil) in net income, based on the trailing 12 months through March. Industrial & Commercial Bank of China Ltd and China Construction Bank Ltd ranked next, aided by Beijing’s policy push to spur credit and beat back a deepening economic slowdown.
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