“Larry Kudlow, director of the National Economic Council, said Friday that Apple’s technology may have been stolen by the Chinese,” Fred Imbert reports for CNBC. “‘I don’t want to surmise too much here, but Apple technology may have been picked off by China and now China is becoming very competitive with Apple. You’ve got to have rule of law,’ Kudlow said in an interview with Bloomberg. ‘There are some indications from China that they’re looking at that, but we don’t know that yet. There’s no enforcement; there’s nothing concrete.'”
“Kudlow’s comments came shortly after China’s Commerce Ministry said Chinese and U.S. officials will meet next week to discuss trade,” Imbert reports. “They also come after Apple slashed its revenue guidance for the fiscal first quarter, citing an unexpected slowdown in China. As of the third quarter of 2018, Apple is the third-largest smartphone maker by global market share, behind Samsung and Huawei, according to data from IDC.”
MacDailyNews Take: In related news, Usain Bolt was dead last in the 2018 NYC marathon because, as with Apple in smartphone market share, he does not compete in marathon races.
Imbert reports, “But Kudlow said Friday that ‘Apple is not apocryphal’ and that not all companies are facing the same headwinds as the tech giant.”
Read more in the full article here.
MacDailyNews Take: Apple technology has been stolen by everyone. It was stolen by Mountain View. Take a look at your phone, random Android settler who wandered in here by accident: It’s a pretend iPhone; a knockoff – and a poor one at that.
SEE ALSO:
President Trump: Apple is a great company; should build big, beautiful plants in America – January 4, 2019
How Google reacted when Steve Jobs revealed the revolutionary iPhone – December 19, 2013
Steve Jobs: ‘I’m going to destroy Android, because it’s a stolen product; I’m willing to go thermonuclear war on this’ – October 20, 2011
Gee, ya think?
China’s method was to always dangle the carrot in front of the stupid american CEO. Look at that market share you will have! Oh btw, you have to partner up with the china govt if you want in.
Once you partner up, they take the vacuum cleaner and clean you out of your IP. Why spend decades of money and R&D when you can just take it for free, courtesy of the CEO.
We stupid Americans will never learn.
Don’t forget — the big, primary phone theft was by an American company.
Then other side of this is all the stupid Americans who buy the knock-off products.
Not just China, Japan, Korea et al have been “reverse engineering” for decades. Tech companies have been incorporating defeat mechanisms etc for years. Recall in early days Texas Instruments put outline of Texas in board design and it showed up in Japanese products… however China government sponsors IP theft.
You are right I argued foe 10 years the madness of feeding China for the sake of cheaper phones at home. And now the politicians start to get the message when it’s far too late the damage is done and China is a self sustaining centrally controlled behemoth who will simply go on expanding exercising increasing control over the world and its markets that even now look to the West though weaker in so doing by the year. The Chinese can be slowed but barring internal ruptions the future is theirs to take. Western markets that kept fueled them are now increasingly irrelevant and thus the control that exercised rapidly declining along with the forlorn hope this encouragement of Chinese economic development would breed democracy. The opposite is true the world sees you don’t need democracy to survive and this trade war is but the last efforts of a fundamentally declining ’empire’ to hold onto its power and influence in a changing world, no matter what ‘brave’ words are being applied in the form of smoke and mirrors. Hey I could be wrong, things can change but barring the unpredictable or China combusting from within it’s more likely how right those words are and the timescale.
When you deal with the Chinese Commies like Apple and so many other American Companies do, you will get BURNED!!!!!
And you are 100% right. American Companies are STUPID!!!!!
Some “big thinkers” like John Gruber think it’s fake news. Shocker, people running to the defense of China Inc.
https://twitter.com/StayPuftZombie/status/1081282309679206401
China has a history of IP theft. If he thinks this is fake news, he’s delusional
Never got the sense that Gruber was a China-apologist, but rather he’s considering the source, Kudlow. And, Gruber’s very anti-Trump and his Admin, so he’s not likely to believe anything Kudlow says, especially since Kudlow doesn’t really know all that much.
“More importantly, no Middle Eastern power will ever come to generate an existential threat to America.
But China does today. And each year it inflicts a greater level of economic pain on America through purposeful intellectual property theft, espionage, and trade cheating than the U.S. has been spending on its war on terror.
President Trump understands the gravity of the China threat. It’s time official Washington did as well.”
https://securitystudies.org/china-not-mattis-or-syria-should-be-official-washingtons-focus/
Seriously f*ck China. A culture of theives and a long history of stealing as their only method to get ahead and thrive on the world stage and economy.
Kudlow isn’t exactly the brightest bulb around, particularly about tech. He’s always been a bit of a blowhard on CNBC. The others on the network seem to tolerate him because he’s a bit of a name, but only a bit.
He probably read that Bloomberg/Businessweek fake news story about chips on servers that no one has proven, and is rehashing that, since it supports his Administration’s position on trade with China.
Larry Kudlow has been wrong about virtually everything for years. You’ve heard of him before Trump only because he’s one of the few Wall Street guys who’s a big enough hack to consistently predict that tax cuts will decrease the budget deficit. No serious economist believes that. But Kudlow is handy to have on the Rolodex if you are a media producer because someone – even an idiot – is needed to give “balance” to the coverage when all the knowledgeable experts come down the other way. We are at the point in the Trump administration where his incompetence and Ego and ignorance of the most basic principles of economics have caused competent advisors with integrity to run screaming toward the exits. Kudlow and the China hack, Nassar, are all that’s left. And it’s. SAD!
Some info on how wrong Kudlow has been over the years:
“Larry Kudlow may have been more wrong about the economy than anyone alive.” https://www.washingtonpost.com/opinions/larry-kudlow-may-have-been-more-wrong-about-the-economy-than-anyone-alive/2018/03/14/a98f2292-27ce-11e8-b79d-f3d931db7f68_story.html?noredirect=on
Also: https://www.politifact.com/truth-o-meter/statements/2018/jul/02/larry-kudlow/larry-kudlow-wrong-about-deficits-falling-rapidly-/
Too late to worry about that, now. That jinni can’t be put back into the bottle. Apple’s iPhone business is ruined by the tens of millions of Android smartphones that have taken the iPhone’s place around the world. Apple, as a company, was just stupid or weak and will likely never recover what it has lost in terms of smartphone market share. Apple was bragging about how much money it makes in profit and now it trails well in value to the other four major tech stocks.
I shouldn’t complain because I know nothing lasts forever. Maybe Apple has met its match due to the weakening global economy. Only time will tell what the future holds for Apple. What I do know is Youtube is filled with “I-told-you-so” videos telling about Apple’s downfall in the smartphone business. As an Apple shareholder, I have to suck it up and hope Apple can recover from this current death spiral.
“… Apple’s iPhone business is ruined by the tens of millions of Android smartphones that have taken the iPhone’s place around the world.“
There is literally nothing in this sentence that is correct. Apple’s iPhone biz set revenue records in many countries this quarter. Apple has always had a very small slice of the smartphone market, compared to Android. That’s all it wants: the most discerning phone customers who know quality and are willing (and able) to pay for it. Despite the current China problem, Apple’s installed base of iOS devices increased by 100 million this quarter, year over year. Apple’s earnings per share will hit a new record. That’s remarkable. So if you’re going to invest in AAPL, best to focus on the actual data. And if you’re going to lose your lunch over macroeconomic risk aggravated by Team Trump, then maybe stay out of the stock market entirely. And avoid “I told you so” videos. (Such videos will seem right every now in then. But a broken clock is also correct twice a day.)
Kudlow is just doing “Political PR” moves prior to the next China-US talks.
iPhone “technology” when released in 2007 was primarily a collection of known technologies ‘inside’ and a physical design shape; a “Design Patent” if you will.
iPhone was not just “a single invention” & could not be “patent protected” except in very limited features which competitors designed around.
Making a competing ‘smart phone’ is just a competitive reality and Apple has deftly stayed at the lead of premium phones, while other companies generally make less expensive devices. Some Chinese firms make phones for 1/4th of what the new iPhones go for.
Kudlow didn’t help himself by saying what he did.
This is the hidden cost of dealing with China. Everybody knows it. Not news. Caveat emptor.