Although it has recently lost market share there, Apple remains committed to its commitment in the Middle Kingdom. The American company has now even announced that it wants to expand its Chinese activities.
“Apple is determined to seize the opportunities presented by China’s opening up and will continue to increase its investments in the country to contribute to the high-quality development of the industry and supply chains,” Chinese state news agency Xinhua quoted CEO Tim Cook as saying. Thursday after meeting with the Chinese government in Beijing.
Meetings at the highest level
Cook consulted with Minister of Industry and Information Technology Jin Zhuanglong on Wednesday. Topics included Apple’s development in China, handling data security on the Internet and cloud services, Xinhua reported.
Apple initially did not respond to a question from the Reuters news agency. It is Cook’s second visit this year to the world’s largest smartphone market, where Apple has had to give up market share to domestic competition in recent quarters.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
