Apple CEO Tim Cook met with China’s Minister for Industry and Information Technology Jin Zhuanglong during his visit to Beijing. Jin encouraged Apple to further expand its presence in China, invest in innovation, collaborate with Chinese companies, and contribute to the country’s economic development.
Casey Hall and Joe Cash for Reuters:
The trip is Cook’s second to China this year. His posts on the X-like Weibo social media platform showed he visited an organic farm and toured ancient neighbourhoods with artists including local photographer Chen Man.
Apple began China sales of its latest smartphones on Sept. 20… The new iPhones got off to a strong start with sales rising 20% in the first three weeks of launch compared with the year-earlier model, showed data from researcher Counterpoint.
MacDailyNews Note: Cook’s posts from Chin via Weibo are here.
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why? Foxconn is closing factories. What is apple gonna do, promise that they won’t?
if china ever tries to invade Taiwan or they do a long term blockade apple may wish the factories they have there where located somewhere else. basically anywhere else would be better long term since nobody knows what china may do later to anger the west regarding Taiwan. 2027 is not that far away and china just recently tested a military blockade on Taiwan and are rushing to try and expand there military capabilities.
Demographics expert Kenneth Gronbach said this
“China is missing half a billion people under 40 years old,”
“Their market economy fails. China will not make it to 2030,” he said. “Don’t worry about China charging into Taiwan. They’re not going to do it. They can’t.”
The Chinese labor force has declined since 2012, and 90 million young men in China have no prospect of marrying because there’s not enough women, both of which are problems created by a one-child per couple policy that was boosted to two children per couple just eight years ago.
The U.S., too, stands to gain in the collapse of Chinese manufacturing, as does Mexico, Gronbach said.
“The Americas will be the center of the Earth,” he added. “God bless the Americas. The rise of manufacturing in Mexico will be enormous.”