Apple Lowers App Store Fees, CEO Hails Chinese Partners After $25.5B China Revenue Jump
Tim Cook praised Chinese developers’ innovations and manufacturing automation days after China’s flagship newspaper criticized Apple’s monopolistic App Store practices; Apple cut developer fees earlier this month. Revenue from Greater China rose 38% to $25.5 billion in the holiday quarter, driven by strong iPhone demand and device switching.
1. Tim Cook Praises Chinese Innovation and Partnership
At a recent China Development Forum in Beijing, CEO Tim Cook commended Chinese developers’ innovation and highlighted automation at manufacturing facilities, emphasizing shared goals in green development and carbon neutrality.
2. Apple Cuts App Store Fees Under Regulatory Pressure
Apple lowered App Store developer fees earlier this month to address antitrust concerns, following criticism over monopolistic practices from a leading party newspaper.
3. Strong China Sales Drive 38% Revenue Growth
Revenue from Greater China jumped 38% to $25.5 billion in the holiday quarter, fueled by robust demand for the latest iPhone and device upgrades from competitors.
4. Chinese Premier Calls for Supply Chain Cooperation
Premier Li Qiang warned against politicizing industrial issues and urged companies to strengthen communication to maintain global supply chain stability and security.