REPORT: APPLE Cook signed $275 billion deal to placate China…

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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.

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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A report on Tuesday claims that, during a period when Apple was dealing with a rash of regulatory activity in China, Tim Cook paid a visit to the country in 2016. During that visit, he signed an agreement with the Chinese government, according to The Information.

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appleinsider.com/articles/21/12/07/apple-made-secret-5-year-275b-deal-with-chinese-government

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