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Armed police forces work to put out a blaze at Lushan Mountain in Liangshan Yi autonomous prefecture in Southwest China's Sichuan province, on March 31, 2020. [Photo by Li Jieyi/for chinadaily.com.cn]

Apple reported Tuesday that iPad sales increased 111 percent during the fourth quarter to 15.43 million, a mind-boggling number that helped the Cupertino, California titan post record revenue of billion.

As China is still in the process of transitioning from a quantity-based economy to a price-based framework, precisely gauging the monetary policy stance can be challenging as "the central bank utilizes many instruments, balances many objectives, and faces many constraints", said Shan.

Arredondo, a California State University, Northridge graduate, was one of those at the open-house reception for the winners of the 2018 Chinese Government Scholarship and their family members.

Apple has said that it plans to appeal the decision. The injunction will go into effect in 30 days, unless Apple can secure a stay on it while seeking the appeal. The injunction can also be extended for one or more “one-year periods” if the judge deems such action necessary.