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Luxury brands are already feeling the China burn

Ivana Kottasová
By Ivana Kottasová, CNN Business
Published 11:01 AM EST, Thu January 3, 2019
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CUPERTINO, CA - SEPTEMBER 12:  The new iPhone X is displayed during an Apple special event at the Steve Jobs Theatre on the Apple Park campus on September 12, 2017 in Cupertino, California. Apple held their first special event at the new Apple Park campus where they announced the new iPhone 8, iPhone X and the Apple Watch Series 3.  (Photo by Justin Sullivan/Getty Images)
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Apple warns that iPhone sales could take big hit