Here’s definitive proof of Apple’s legendary reality distortion field

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What AAPL stock looked at close Monday.
What AAPL stock looked at close Monday.
Photo: Finviz

You might remember that on Monday, AAPL stock had a bit of a bad day before rebounding. It wasn’t just a bad day for Apple stock, though: Fueled by fears of a total collapse of the Chinese stock market, the whole S&P 500 collapsed that day.

In the first 24 hours, only Apple rebounded. It’s proof positive of Apple’s fabled “reality distortion field.”

Tim Cook reassures investors as Apple stock falls below $100

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Apple is splurging on R&D.
It's not the best of times for AAPL investors.
Photo: Jim Merithew/Cult of Mac

It’s not a good start to the week for Apple, as shares fell below the $100 mark even before the market opened.

Seeing investors panicking, Tim Cook shared a few thoughts with CNBC Mad Money host Jim Cramer — particularly reassuring him about Apple’s continued success in China, which Cook continues to be bullish on due to its “unprecedented” opportunities.

Chinese devaluation is terrible for Apple, great for its suppliers

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Tim Cook meets with Apple Store employees in China.
Tim Cook meets with Apple Store employees in China.
Photo: Apple

China’s surprise devaluation of the yuan is likely to have a massive impact on Apple and its suppliers.

China devalued its currency in an attempt to boost a flagging economy — resulting in the country’s biggest one-day loss in 20 years.

And while some will be celebrating, others (likely including Tim Cook) can’t be too happy about it!

China downloads more iOS apps than anyone

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The App Store continues to bring in the revenue for Apple.
The App Store continues to bring in the revenue for Apple.
Photo: Apple

When it comes to app downloads, China and Mexico surged in the first fiscal quarter of 2015, says a report by the mobile analysts at App Annie.

China took the top spot for iOS downloads while Mexico now ranks among the top five countries for Google Play downloads, surpassing South Korea this quarter.

While we’ve seen Google Play lead the number of downloads across the globe and iOS facing a shrinking lead in revenue, Q1 2015 showed a huge jump for iOS in terms of revenue, to the tune of about 70 percent more (up from 60 percent higher in Q3 2014). Google Play continues to be top dog in downloads, though, with 70 percent more downloads than Apple’s digital storefront.