Apple made secret 5-year $275B deal with Chinese government
Apple's success in China is allegedly down to an agreement with the country's government to help develop its economy, with a report claiming CEO Tim Cook personally lobbied officials to get the best deal for the company.
Tim Cook speaking to China Vice Premier Sun Chunlan in March 2019.
Apple considers China to be a major market, with the iPhone maker expending considerable effort to make headway, both in generating custom and in its extensive supply chain operations. The success in China has been a turnaround years in the making, and it seems that a secret agreement may have greased the wheels.
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