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Apple CEO Tim Cook Says Developers Have Earned $17 Billion From China App Store

Apple CEO Tim Cook Says Developers Have Earned $17 Billion From China App Store

By Reuters | Updated: 4 December 2017 09:48 IST

Highlights

Apple CEO Cook has said App Store garnered $17 billion in China
Cook was speaking at China's top public cyber policy forum
Apple counts China as its third-largest region by sales

Apple's chief executive Tim Cook said developers using its platform in China number 1.8 million and have earned a total CNY 112 billion ($16.93 billion), representing roughly a quarter of total global App Store earnings.

Cook shared the data on Sunday during a speech at China's top public cyber policy forum, organised by the Cybersecurity Administration of China (CAC), which oversees internet regulation including censorship.

Earlier this year, Apple said that developers had earned roughly $70 billion (roughly Rs. 4,55,219 crores) in total revenue through the store.

Apple is facing criticism from local users and rights groups for bowing to pressure from Beijing cyber regulators after it decided to remove hundreds of apps from its Chinese store this year, including messaging apps and virtual private network (VPN) services, which help users subvert China's Great Firewall.

Apple counts China as its third-largest region by sales but it has lost market share in recent years as high-end handsets from local rivals continue to gain traction. The firm is hoping to regain momentum following the release of its iPhone 8 and iPhone X models which shipped in November.

The US tech giant said earlier it had moved its Chinese cloud data onto the servers of a local partner in the Chinese province of Guizhou.

Cook has come to China several times this year, including an October visit where he was among executives that met with President Xi Jinping, who also had prepared remarks read at the conference on Sunday.

Cook's attendance is conspicuous at the conference, marking the first high-level executive to attend in the event's four-year history.

Others included Google chief executive Sundar Pichai, who is also attending the conference for the first time.

© Thomson Reuters 2017

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