Come here often? Make XFINITY.com your homepage » close

Get instant access to XFINITY.com. Download the XFINITY® One Click Google extension» close

close

Your XFINITY Connect session has timed out due to inactivity. Click here to go back close

Apple CEO visits China for second time in less than a year

Loading... Share No Thanks

Wed Jan 9, 2:41 AM UTC

SHANGHAI — Apple Inc's Chief Executive Tim Cook is meeting with partners and government officials in China on his second visit to the firm's second-largest market in less than a year.

China is Apple's fastest-growing market, with the maker of the popular iPhone and iPad opening a raft of retail stores last year. Last month, Apple sold more than 2 million iPhone 5s in the country in just three days, the company's best ever smartphone launch in the country.

Despite the roaring success of iPhone sales in China, analysts say the company's longer-term outlook in the market may hinge on expanding its partners to include China Mobile Ltd, the country's top telecoms carrier.

"Tim is in Beijing meeting with government officials and partners. China is an important market for us and we look forward to continued customer excitement and growth here," Apple's spokeswoman in China Carolyn Wu said on Wednesday.

She declined to say whether or not Cook would be meeting with China Mobile executives.

In China, the iPhone is currently sold through Apple's seven stores, resellers and through China Unicom and China Telecom - which together have fewer than half the mobile subscribers of bigger rival China Mobile.

A deal with China's biggest carrier is seen as crucial to improving Apple's distribution in a market of 290 million users. Apple has been in talks on a tie-up with China Mobile for four years.

China Mobile and Apple initially said they were separated only by a technical issue - as the Chinese carrier runs a different 3G network from most of the world - but that has evolved into a broader and more complex issue of revenue-sharing.

On Tuesday, Cook met with the Minister of Industry and Information Technology, Miao Wei, where they discussed the development of the smartphone industry and innovation trends, according to a statement posted on the ministry's website.

China, Apple's biggest market after the United States, currently accounts for about 15 percent of its annual revenue.

(Reporting by Melanie Lee; Editing by Ryan Woo)

Loading... Share No Thanks

Most Popular News

  • Sweden: 3 credible sightings in submarine search
    Sweden: 3 credible sightings in submarine search

    3 Recommendations

    HELSINKI (AP) — The Swedish military said Sunday it had made three credible sightings of foreign undersea activity in its waters during the past few days amid reports of a suspected Russian intrusion in the area.

  • Brief profiles of a few ex-Nazis getting benefits
    Brief profiles of a few ex-Nazis getting benefits

    2 Recommendations

    Since 1979, at least 38 of 66 suspected Nazi war criminals and SS guards forced out of the United States collected millions of dollars in American Social Security payments, an Associated Press investigation has found.

  • Super drunk woman arrested, mistook jail for bar

    2 Recommendations

    PAW PAW, Mich. (AP) — One is a building with bars. The other is a building with a bar. A very drunk woman apparently had trouble telling them apart and ended up in a southwestern Michigan jail cell.

  • White House opposes Nazi benefit payments
    White House opposes Nazi benefit payments

    2 Recommendations

    WASHINGTON (AP) — Former Nazis should not be getting the Social Security benefits they are receiving as they age overseas, the White House said Monday, responding to an Associated Press investigation that revealed millions of dollars have been paid to war-crimes suspects and former SS guards who let the U.

Ad Info - Ad Feedback

Loading...