Apple CEO Tim Cook vows to invest heavily in China, meets minister in Beijing
Apple CEO Tim Cook met with China’s Minister of Industry and Information Technology Jin Zhuanglong on Wednesday during a visit to Beijing this week, the ministry said in a statement.
During the meeting, Jin told Cook that he was hopeful Apple The statement shows that it will continue to strengthen its presence in China, increase investment in innovation, develop together with Chinese companies and share dividends from high-quality development.
Apple did not immediately respond to an emailed request for comment.
This is Cook’s second trip to China this year. His posts on the X-like social media platform Weibo show him visiting an organic farm and touring old neighborhoods with artists, including local photographer Chen Man.
China is the world’s largest smartphone market, and in recent quarters the iPhone maker has lost market share to domestic rivals.
Apple started selling its latest smartphone in China on September 20, the same day local champion Huawei launched a rival phone. Data from researcher Counterpoint shows the new iPhone is off to a strong start with sales up 20% in the first three weeks of launch compared to last year’s model.
However, overall iPhone sales in China fell 2% year-on-year over the three-week period due to falling sales of older models and growing competition with Huawei’s Mate and Pura lines. , Counterpoint said.
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