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Apple posted record revenue on Tuesday but faces new challenges in production of the iPhone as China shuts down major cities to contain the potentially deadly coronavirus, the company said.

As Beijing prepares to host the 7th Summit of the Forum on China-Africa Cooperation (FOCAC) on September 3-4 focusing on political and economic cooperation, recent data highlights how China has intensified its efforts to enhance the cultural dimension of its relations with African partners by establishing over 70 Confucius Institutes and classrooms across the continent in the last 14 years.

Apple is expected to unveil its 10th anniversary iPhone edition later this year, a crucial product aiming to outcompete local players, analysts said.

As China is witnessing a boom in industrial upgrade, many companies are deploying their resources and manpower to develop high value-added products across industry chains. In line with this trend, the development of a range of high-end tunnel-boring machines has become a core business for CRHIC in recent years. The company has shipped its tunnel-boring machines in different shapes to 16 countries, including Malaysia, Singapore and Lebanon.

Apple CEO Tim Cook. (Photo: Apple)