Back writes, “In its most recent quarter, 25% of Apple’s revenue came from the greater China region.”
“It is only the latest incident of capricious and severe regulation by the People’s Republic against Apple,” Back writes. “Evidently, Apple’s $1 billion investment in Chinese ride-hailing service Didi Chuxing, widely perceived as an attempt to curry favor with Beijing, is no guarantee of lenient or even reasonable treatment.”
Read more in the full article here.
MacDailyNews Take: More “investments” required?
No, the iPhone hasn’t been hit with a China sales ban, but Apple is in a sticky situation – June 17, 2016
Beijing regulator orders Apple to stop sales of iPhone 6/Plus models – June 17, 2016
Chinese company sues Apple for alleging ‘copying’ their design in iPhone 6 – June 16, 2016