Quite a few American companies are trying to enter the Chinese market and even survive in it over time. It is obvious that success in China is not a matter of course, so the achievements that APPLE has reached are extraordinary. A new investigation published on The Information website reveals that Apple CEO Tim Cook signed a confidential agreement with the Chinese government in 2016 that prevented the company from being regulated.
Under the five-year agreement, which expired this year, Apple received more than $ 275 billion, and for its part pledged to the government to cooperate and enlist the help of local businesses in order to prevent criticism that it is not doing enough for the country’s economy.
In early 2015, the Government Bureau of China’s Measurements and Mapping instructed Apple Maps to make the Daiyo Islands, or the Sankaku Islands in the mouths of the Japanese, look large even when viewed from a distance. According to the investigative website, the Chinese threatened that if the company did not accede to their demand, they would not approve the marketing of Apple Watch in the country. According to The Information, the company had to agree.
How successful is Apple in China? So according to reports from various sources, it recorded a revenue record of $ 68 billion in the 12 months, as of September 2021, and one-fifth of the technology giant’s sales come from China.