Apple CEO Tim Cook to Visit China This Month to Meet Government Officials

BY Rajesh Pandey

Published 6 May 2016

Tim Cook Charitybuzz

Reuters claims that Apple’s CEO Tim Cook will be visiting Beijing later this month to meet some high-level officials from the Chinese government. The move has been prompted by Chinese regulatory body shutting down Apple’s digital book and movie store in the country less than six months after its launch.

The CEO will also discuss other issues like the weakening of iPhone sales and Apple’s recent loss of the iPhone trademark in the country. Cook will be meeting senior government and Communist Party leaders, including officials who are in charge of propaganda.

During his China visit, Cook plans to meet senior government and Communist Party leaders – including officials in charge of propaganda, said the source, who declined to be named as the plan is not public yet.

China is now Apple’s second most important and largest market after the United States. With the smartphone market in the US saturating, the company has been expanding its operation in China to fuel its growth. However, after a successful growth over the last one year, Apple noted a 26 percent decline in its sales in China in the first quarter of 2016.

China has been trying to rely less on foreign technology and more on local technology, especially in banking and insurance sectors. The country already has a very strict censorship in place that has led to many foreign companies shutting its shop in the country. In fact, Apple is among the very few foreign companies in the world that has been so successful in China.

[Via Reuters]