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| Apple's secret deal with China is worth $275 billion |
Tim Cook helped Apple increase its market capitalization to a $3 trillion market. This is largely related to the previous COO's ability to manage relations with China. Many of the company's products are made in China. And more and more products are being sold in China. China.
The iPhone recently became the best-selling smartphone in China. Also, for the first time in six years, China became the company's second largest market after the United States.
But much of the company's success is due to CEO Tim Cook, who secretly signed a deal worth more than $275 billion many years ago, thus laying the foundation stone.
Cook promised Chinese officials that Apple would do its part in building China's economic and technological strength through investment, business transactions, and employee training.
A report released this week relied on internal documents to clarify certain details of Apple's relationship with China.
These include claims the company received in 2014 or 2015 over a small group of uninhabited islands - the Senkaku Islands or the Diaoyu Islands - and China and Japan appear to be arguing over the ownership of those islands.
Chinese authorities have asked members of the mapping team to expand the island even if the public shrinks the map.
The company made the necessary changes. For viewers who use his maps in China, the viewing area of these islands is always larger than the surrounding area.
The report also details all the controversies between iTunes, iCloud, and Apple Pay. For the first time in a series of personal visits to the country in 2016, Cook signed a five-year non-disclosure agreement of 1,250 words (possibly even sixth grade).
Apple's secret relationship with China
With the signing of the contract, a wave of regulatory actions against the company's activities was lifted. The deal promises to use more Chinese components, cut deals with Chinese software makers, and invest about $275 billion directly in Chinese tech companies. Its purpose is to avoid further interference.
In addition, the agreement also reportedly includes the company's commitment to strict compliance with Chinese laws and regulations.
Data from analysts at Counterpoint Research shows that Apple became the largest smartphone brand in China in October and has not held that title for six years.
At the same time, the company has set up a new R&D center in China. It has also started storing iCloud data there for Chinese users.
However, there are also negative aspects to this relationship. Critics have questioned the company's commitment to privacy - the special relay feature will not be available in China. And business relations with companies accusing the Uyghurs of forced labour.
This is in addition to many other perks. Like Numbers and Phrases, the company does not allow you to copy some apps on the Chinese iPad.
Chinese state media have played down and questioned reports of secret deals with the Chinese government.