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Apple (NASDAQ:AAPL) has removed more than 30,000 apps from its China app store, according to Qimai Research Institute.

Game apps accounted for 90% of the purged apps.

179K game apps still remain.

Apple sent a reminder to game developers on July 8 about its plans for the removal if apps didn’t meet regulatory requirements for payments by the end of the month.

Shares of Apple spiked above $400 on Friday, driven by strong earnings. Analysts were impressed by the beat in the face of pandemic concerns.

That said, Seeking Alpha authors are more cautious on Apple than either Street analysts or SA’s own Quant Ratings – which score Apple an astonishing 4.95 / 5 and have been Very Bullish on shares since 2018 »



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