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Apple Inc lowered its revenue forecast for the first time in almost two decades, amid fewer upgrades to its flagship iPhone and weak performance in China as it faces rising competition from Huawei Technologies Co.

Around us, inequality and social fragmentation pose risks of further conflict, division irrespective of nation, system — and with greater transparency as to the "haves, have nots, and will never haves".

Around 85 percent of the toys sold in the US are manufactured in China. Major players, such as Hasbro and El Segundo, California-based Mattel, will bear less of a tariff burden then the rest of the industry because only two-thirds of their products are manufactured in China. For many smaller companies, however, almost all of their products are made in China, Weiser said.

As Hong Kong's population increased to more than 7 million last year, some social conflicts occurred with society's development, which is inevitable, according to Tung.

Apple also saw a healthy expansion of 54 percent year-on-year, with 4.2 million units of wearable devices shipped in the same time frame. Despite losing to Xiaomi in shipments, the US tech company maintained an absolute advantage in the premium segment with its Apple Watch series.