During a high-profile visit to China, Apple CEO Tim Cook announced plans to boost the company's investment in research and development in the country. This visit, marked by meetings with China's Commerce Minister and the opening of Apple's 8th store in Shanghai, comes at a time when Apple is facing declining iPhone sales in China, with a 13% revenue drop in Dec-23 and a 24% decrease in the first half of the current year. Cook's trip coincides with the China Development Forum 2024, attracting nearly 90 CEOs and heads of multilateral organizations like the IMF, signaling a slight ease in bilateral tensions. Cook emphasized China's critical role in Apple's supply chain and market, expressing his affection for the country with statements like "I love China and the people!" and highlighting the importance of innovation and AI in meeting climate goals. He also mentioned that China "is rich in talent resources and innovative vitality." Additionally, Cook announced that Apple's MR headset Vision Pro will be available for public sale in China within this year.
Tim Cook: Apple’s MR headset Vision Pro will be available for public sale in China “within this year”. Apple will also continue to increase investments in China, especially with focus on R&D in China 🇨🇳 https://t.co/Ue54RZWrvj
Tim Cook told executives in Beijing that AI is going to be essential for companies to meet climate goals and that Apple will need more innovation to hit its own targets https://t.co/oB9WiNlMZs
“I love China🇨🇳 and the [Chinese] people,” said Apple CEO @tim_cook in Beijing today. https://t.co/TkEsf44H4d
The China Development Forum 2024 Annual Meeting opens in Beijing on March 24. U.S. Apple CEO Tim Cook said in an exclusive interview with CGTN host Tian Wei, "I love China and the people!" https://t.co/2VYioImZ05
THREAD: Apple’s Tim Cook calls China supply chain and market critical to the future, proclaiming “I love Shanghai!” as he opens 8th store in financial capital. Top US business execs including Chubb’s Evan Greenberg to meet Xi Jinping following China forum https://t.co/LRZZG9gTGh
Tim Cook loves China so much… Has he ever thought about actually living there? https://t.co/aJXD4AoicW
China woos Apple's Tim Cook, other global CEOs ahead of forum https://t.co/devqBrKYKK
#China official media highlight $AAPL @tim_cook saying China is key market and supply chain partner for @Apple as he meets Commerce Minister. Quote Cook saying US tech giant will raise investment in supply chain, sales, and R&D. https://t.co/PIQVAUul98 https://t.co/u9ZYRPEo5N
$AAPL | Tim Cook's Recent Visit To China Was To Send Out A Clear Message To Xi Jinping, Says Top Analyst: 'Apple Is Committed To China' https://t.co/cIt05bN9Nq
Apple Inc. plans to invest further in research in China, Chief Executive Officer Tim Cook said as he continues his high-profile visit to the country. https://t.co/FP6dwvel3J
🇨🇳 🤝 Apple CEO Tim Cook has met with the Minister of the Chinese Ministry of Commerce Wang Wentao. Cook reportedly told the Minister that China is “is rich in talent resources and innovative vitality.” https://t.co/NmWrhYmRlC
#China commerce minister meets Apple's Tim Cook The meeting came a day after Cook opened Apple's newest store in Shanghai, as the phone maker battles falling iPhone sales in China and rising competition from domestic rivals such as Huawei. https://t.co/p4nv2jUSiI
The CEO of South Korean chipmaker SK Hynix met with China’s Commerce Minister to discuss cooperation, as China tries to counter US restrictions on technology https://t.co/JMFSbhIdj0
#China's Commerce Minister meets #Apple CEO Tim Cook https://t.co/tImxhQi5Qx
Apple plans to boost investment in research in China, Chief Executive Officer Tim Cook said on a high-profile visit to the country https://t.co/hPFRZKYNIR
Global CEOs flock to China as tensions mount over export glut https://t.co/GGsi8oi5a8 via @ft
Tim Cook’s visit to China this week was more noteworthy to me than the DOJ news. The backdrop of his visit is concerning: In Dec-23, China revenue was down 13%. Early in March, Counterpoint Research reported iPhone sales in China were down 24% in the first half of the current…
Apple CEO Tim Cook is on a charm offensive in China as the U.S. puts the squeeze on the iPhone maker. https://t.co/Scioe8Shi9
Apple doubling down on China? https://t.co/WBWSJPniFk
"Almost 90 CEOs, as well as heads of multilateral orgs such as the IMF, are expected to attend the China Development Forum...US execs in partic are returning to the event this yr in greater numbers, in a sign bilateral tensions have eased slightly" https://t.co/X00yY339QC