Apple reveals source of quarter of earnings

Apple Inc's chief executive Tim Cook said developers using its platform in China number 1.



Monday, December 04, 2017

Apple Inc's chief executive Tim Cook said developers using its platform in China number 1.8 million and have earned a total 112 billion yuan (HK$132.27 billion), representing roughly a quarter of total global App Store earnings.

Cook shared the data yesterday during a speech at China's top public cyber policy forum, organized by the Cybersecurity Administration of China, which oversees internet regulation including censorship.

Earlier this year, Apple said that developers had earned roughly US$70 billion in total revenue through the store.

Apple is facing criticism from local users and rights groups for bowing to pressure from Beijing cyber regulators after it decided to remove hundreds of apps from its Chinese store this year, including messaging apps and virtual private network services, which help users subvert China's Great Firewall.

Apple counts China as its third-largest region by sales but it has lost market share in recent years as high-end handsets from local rivals continue to gain traction. The firm is hoping to regain momentum following the release of its iPhone 8 and iPhone X models which shipped in November.

The US tech giant said earlier it had moved its Chinese cloud data onto the servers of a local partner in Guizhou.

Cook has come to China several times this year, including an October visit where he was among executives that met with President Xi Jinping.

REUTERS