Visit to China for the first time in 7 months amid falling market share… Successive meetings with the Ministers of Industry and Commerce
Apple CEO Tim Cook and Chinese Commerce Minister Wang Wentao met in China on the 25th.
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(Beijing = Yonhap News) Correspondent Jeong Seong-jo = Apple CEO Tim Cook, who is visiting China, met with the Chinese Commerce Minister and announced his intention to expand investment.
China’s Ministry of Commerce announced on the 25th that “Minister of Commerce Wang Wentao met with CEO Cook” and that “the two sides exchanged issues regarding Apple’s business development in China and Sino-US economic and trade relations.”
Director Wang said, “China recently announced a new opening policy and substantially promoted the resolution of issues that foreign companies are concerned about. Apple will seize the opportunity and continue to deepen the Chinese market while maintaining stable cooperation with Chinese partners. “We welcome joint development,” he said.
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“The generalization of national security is not conducive to normal economic and trade exchanges,” he said. “China is willing to help China-US economic and trade relations return to a healthy and stable development track through regular government-business exchanges.” did it
“China’s rapid development helps Apple achieve rapid and sustainable growth,” Cook said, according to China’s Ministry of Commerce. “The company views China as an important market and key supply chain partner, and is committed to long-term development in China.” “We will continue to expand investment in areas such as research and development (R&D),” he said.
CEO Cook also added, “Apple is willing to continue to serve as a bridge in communication in the economic and trade areas between China and the United States.”
CEO Cook, who visited China for the first time in seven months, posted a video on his Weibo (Chinese version of He focused on showing a friendly image toward China, such as posting a photo of himself meeting a Chinese college student at the house.
On the 23rd, he met Jin Zhuangrong, Minister of Industry and Information Technology of China, and exchanged opinions on Apple’s development status in China, network data safety management, and cloud services.
In addition to the slowing Chinese economy and sluggish consumption, Apple is experiencing difficulties in its Chinese business due to the advancement of Chinese competitors such as Huawei.
Global sales and net profit in the second quarter (April to June) recorded $85.8 billion (approximately KRW 118 trillion) and $21.4 billion (approximately KRW 30 trillion), respectively, up 5% compared to the same period last year. However, during the same period, its market share in China ranked 6th, 3rd level. retreated.
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2024/10/25 15:17 Sent
