# Professor Joe Foudy explains the impact of Apple's poor sales in China on the global economy at large

1 Faculty News January 3, 2019 ![U.S. News and World Report logo](/sites/default/files/styles/246w/public/assets/images/con_030501.jpg?itok=1EF-s0wb)>

Excerpt from [U.S. News & World Report](https://www.usnews.com/news/world/articles/2019-01-03/apples-poor-sales-in-china-spurs-global-instability) -- "'People expected that was coming. The difference is the severity. It was more intense than we expected,' says Joseph Foudy, a professor of economics at New York University's Stern School of Business. Foudy believes the reports this week are indicative of China's economic long-term transition. He adds, 'but we should be worried about the economy in the next few years.'"

[Read more](https://www.usnews.com/news/world/articles/2019-01-03/apples-poor-sales-in-china-spurs-global-instability)