Apple’s chief technology officer Tim Cook years ago entered into a secret agreement that suppressed threats to the company’s business in the Chinese market in exchange for helping to develop the Chinese technology sector. The Information server informed about it today with reference to interviews and internal documents of Apple. He added that the value of this agreement is estimated at more than 275 billion dollars (over six trillion crowns).
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According to the server, Cook prepared this agreement in 2016 during personal meetings with Chinese officials, the aim of which was to stop the wave of measures taken by Chinese regulators against Apple. This, together with negative publicity, led to a decline in iPhone sales in China.
Apple at the time faced deteriorating relations with Chinese officials, who believed that the company did not contribute sufficiently to the development of the Chinese economy, writes The Information. According to the server, the agreement Cook concluded paved the way for Apple’s success in the Chinese market.
The Daily Mail reports on information from The Information that US corporations in the United States are now facing criticism for expanding activities in China, which are accused of human rights abuses. However, Cook said last month that he believed Apple was obliged to sell its products in as many countries as possible, including China. “World peace through world trade,” he said.
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