Apple’s iPhone success over the years in China is hardly an accident. The Information reveals a previously unreported agreement negotiated by Apple CEO Tim Cook and Chinese government officials that saw the company invest over $275 billion in the country over five years. The deal was reached at a time when local smartphone makers were forcing iPhone sales in China to fall.
more…
The post Apple pledged to invest over $275 billion in China while facing declining iPhone sales appeared first on 9to5Mac.
Go to Source
Author: Zac Hall