Article 5SXNQ Apple’s concessions in China reportedly include a secret $275 billion deal and one odd change in Maps

Apple’s concessions in China reportedly include a secret $275 billion deal and one odd change in Maps

by
Richard Lawler
from The Verge on (#5SXNQ)
937560290.0.jpg Apple Inc. CEO Tim Cook attends China Development Forum (CDF) 2018 | Photo by Visual China Group via Getty Images/Visual China Group via Getty Images

Tim Cook has pushed Apple's value within close range of $3 trillion, and a lot of that has to do with the former operations lead's ability to manage a relationship with China, where many of its products are made and, increasingly, many of them are sold. A report this week from The Information relies on unnamed sources and internal documents to peel back some of the details about Apple's ties with China.

A 1,250-word MOU between Apple and China's National Development and Reform Commission reportedly runs for five years and accounted for $275 billion in spending

That includes a request Apple reportedly received in 2014 or 2015 about a small group of uninhabited islands that China and Japan apparently have a dispute over in terms of who...

Continue reading...

External Content
Source RSS or Atom Feed
Feed Location http://www.theverge.com/rss/index.xml
Feed Title The Verge
Feed Link https://www.theverge.com/
Reply 0 comments