Apple CEO Tim Cook Gets China Minister’s Backing in Midst of Tech War
- New iPhone off to a weak start in China, initial data show
- China banned use of iPhone in some government, state firms
Tim Cook.
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Apple Inc. Chief Executive Officer Tim Cook won backing from China’s commerce minister Wednesday for sharing the “dividends of the Chinese market” at a time when the company’s sales outlook in the world’s No. 2 economy has come under scrutiny.
Commerce Minister Wang Wentao told Cook Wednesday that China welcomes Apple, along with other multinational companies, to benefit from the country’s market and engage in “win-win development,” according to a statement from the Chinese ministry.