Chinese consumers and businesses spent $59 billion on Apple products during the company's last fiscal year, which ended in September 2015. Last October, Apple reported 99% year-over-year revenue growth in the country. CEO Tim Cook even said he thought Greater China would become would grow into "Apple’s top market in the world." Greater China, which includes Taiwan and Hong Kong, accounts for about 24% of Apple’s total revenue. Only the United States contributes more of Apple's sales today.
Complicating matters is the issue of encryption back doors. Apple is fighting against the U.S. government's desire for a skeleton key that can unlock encrypted data on users' iPhones. The Chinese government would like similar access to its citizens' iPhones; it has, within the past two years, asked Apple to supply the iOS source code, a request Apple refused.
Complicating matters is the issue of encryption back doors. Apple is fighting against the U.S. government's desire for a skeleton key that can unlock encrypted data on users' iPhones. The Chinese government would like similar access to its citizens' iPhones; it has, within the past two years, asked Apple to supply the iOS source code, a request Apple refused.
Full story on fastcompany.com
No comments:
Post a Comment