Apple boss Tim Cook dinner visits Shanghai with China gross sales underneath strain

Apple boss Tim Cook dinner visits Shanghai with China gross sales underneath strain

SHANGHAI (Reuters) -Apple CEO Tim Cook dinner hailed China’s significance within the agency’s provide chain as he met suppliers together with BYD Electronics on Wednesday, native media mentioned, on a go to that comes amid a drop in China gross sales for the iPhone maker.

In a publish on his Weibo social media account, Cook dinner mentioned he spent the morning strolling alongside Shanghai’s historic Bund river with Chinese language actor Zheng Kai and that he had eaten a neighborhood breakfast. He didn’t disclose, nonetheless, what different plans he had for this China go to.

The China Each day reported that Cook dinner had mentioned in an interview that “there is no provide chain on the earth that is extra essential to us than China”.

Cook dinner additionally met Wang Chuanfu, founder and president of Apple provider BYD Electronics, in addition to officers from Lens Know-how on the agency’s Shanghai workplace, the China Each day added.

Cook dinner’s go to comes after the iPhone maker introduced that it could open a brand new retail retailer within the coronary heart of the Chinese language monetary hub on Thursday, and as Apple battles falling iPhone gross sales in China and rising competitors from home rivals akin to Huawei.

Cook dinner made at the very least two visits to China, Apple’s third-largest market by income, final 12 months. He additionally travelled to Beijing across the identical time final 12 months, the place he visited an Apple retailer and attended the China Growth Discussion board.

(Reporting by Beijing newsroom and Brenda Goh in Shanghai; Modifying by Muralikumar Anantharaman and Miral Fahmy)

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