Apple CEO Tim Cook meets with Chinese commerce minister
While in Beijing on Monday, Tim Cook met with Wang Wentao, China's commerce minister, to discuss Apple's future in the country.
While in Beijing on Monday, Tim Cook met with Wang Wentao, China's commerce minister, to discuss Apple's future in the country.
Apple CEO Tim Cook has offered praise over Apple's 30-year relationship with China, using a visit to the country to offer positive messages about the iPhone maker's workings in the country.
The China Development Forum has returned post-COVID, but other than Apple, notable US companies are either sending relatively minor executives, or boycotting the event entirely.
TikTok CEO Shou Chew has presented written testimony ahead of meeting the US House Energy and Commerce Committee to discuss accusations around the platform's ties to China.
Foxconn's previously announced new factory in Bengaluru, India, has now cleared local government approval — though at greater cost and with fewer jobs.
Though the BBC still has a TikTok channel, it is advising staff to delete the app from their work phones over China fears.
The Biden Administration has reportedly told TikTok executives that the service could be banned completely in the US if China does not sell its stake in the firm.
Apple supplier Foxconn reports that it is working to reduce its reliance on its parent firm's home country of China, and will diversify future production.
New research says that overall desktop, laptop, and tablet sales have declined in China, but Apple saw growth — and will be the main beneficiary of an expected recovery.
The vice president of Chinese firm and Apple supplier Goertek has unexpectedly quit for "personal reasons," just days after saying clients were pressing all suppliers to build factories outside the country.
The head of India at Apple is being promoted, making the country its own sales region, but it won't affect how Apple reports global earnings.
US Senators hope to provide the Commerce Department the ability to ban TikTok with a carefully worded bill that avoids targeting TikTok directly.
Ten months after Arm filed to transfer ownership of its Arm China subsidiary to Softbank so it could pull out of the country, Chinese regulators are reportedly delaying the paperwork in order to keep the country's connection to the chip design firm.
GoerTek says that it is investing $280 million in a new plant in Vietnam, as US buyers are pressing it — and all suppliers — to leave China.
Analysts at UBS report that Apple "materially recovered" in China in December 2022, with iPhone shipments surging 88% since the preceding month.
Market research suggests that China's smartphone market recovery began in January 2023, with iPhone sales up 6% year-over-year — although other sources are less confident.
Apple's push to shift production away from China and into India is a tougher challenge than first thought, with yield issues and a lower sense of urgency reportedly holding back the project.
Apple's iPhone 14 lineup has recently started selling at discounts of over $100 in China, and while some are taking it as a sign of flagging demand, that doesn't seem likely.
Apple initially saw its stock price plummet right after Thursday's earnings, but less than 24 hours later it has risen to its highest price in five months.
After Apple's warning in November about COVID issues, CEO Tim Cook still mainly blames manufacturing problems in China for why Apple sold "significantly less" of the iPhone 14 range than expected.
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