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Apple CEO Tim Cook to meet with Chinese government officials

Apple CEO Tim Cook to meet with Chinese government officials
Apple CEO Tim Cook to meet with Chinese government officials
The visit to Beijing will hopefully strike an agreement between Apple and Chinese officials to lift the ban on iTunes and create a more amicable atmosphere.

Apple's latest financial results have revealed that the Cupertino company's grip on the Chinese market has been weakening due to local smartphone competition from Huawei, Xiaomi, Oppo, and others. Additionally, well-known investor Carl Icahn recently sold millions in Apple stock without much of a warning ahead of the earnings call that showed iPhone sales dropped by 26 percent YoY in China during Q1 2016 (or FY Q2 2016).

Smartphones from China continue to rise due in part to cheaper prices and better price-to-performance ratios. Chinese companies are also publicly blasting Apple with the CEO of LeEco recently claiming that Apple is currently lacking in innovation. Additionally, the iPhone maker is facing legal disputes over another Chinese company over the term "iPhone" as the name is currently in use for leather products produced in the region. Apple's successful iTunes store is not currently available in many areas of the country as well.

According to Reuters, Tim Cook is set for an overseas trip to visit Chinese authorities and to hopefully agree upon conditions to reopen iTunes in the country. The Asian market is clearly an important source of revenue for Apple as a recent report showed that over 40 percent of smartphones shipped worldwide originated from China as of Q1 2016.

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2016 05 > Apple CEO Tim Cook to meet with Chinese government officials
Alexander Fagot/ Allen Ngo, 2016-05-11 (Update: 2016-05-11)
Allen Ngo
Allen Ngo - US Editor in Chief
After graduating with a B.S. in environmental hydrodynamics from the University of California, I studied reactor physics to become licensed by the U.S. NRC to operate nuclear reactors. There's a striking level of appreciation you gain for everyday consumer electronics after working with modern nuclear reactivity systems astonishingly powered by computers from the 80s. When I'm not managing day-to-day activities and US review articles on Notebookcheck, you can catch me following the eSports scene and the latest gaming news.