Report: Tim Cook to meet with Chinese officials later this month

Report: Tim Cook to meet with Chinese officials later this month
According to a report published today that cites someone familiar with the plans, Apple CEO Tim Cook is taking a trip to China later this month. While it might be a great time for Cook to get out of the U.S. and escape the declining shares, the non-stop concerns about falling iPhone sales and those hedge fund jockeys calling for his dismissal, the real reason for the trip is to allow Cook to find out why the government in the country is making things difficult for Apple to operate there.

Apple's sales declined 26% in China during the fiscal second quarter, which covered January through March. These results were part of the earnings report Apple released at the end of April which kicked off a nearly 10% decline in the stock.

Cook has plenty to chew over with his hosts. The Chinese government recently forced the company to shutdown iBooks and iTunes Movies in China, and Apple just lost a lawsuit that prevents it from using the iPhone name on non-smartphone items. A Chinese firm named Xintong Tiandi Technology registered the name IPHONE in the country back in 2007.

Apple's CEO will be meeting with senior government officials, Communist Party members and officials of the country's propaganda team. While it might not come up in the meetings, it might be in the back of Cook's mind that investor Carl Icahn dumped his entire stake in Apple (resulting in a reported $2 billion profit) because of his concern that the Chinese government will continue to make it difficult for Apple to do business in the country. On the other hand, Icahn did hint that he would start buying Apple shares once again once the situation in China was stable.

This isn't the first time that the Apple executive has made a trip to China. Some of his previous visits to the country include one made in 2012. Another visit was made in 2013 to visit China Mobile. At the time, the world's largest carrier was negotiating with Apple to add the iPhone to its lineup. A year later, Cook returned to China to present China Mobile's CEO with a gold Apple iPhone 5s.

source: Reuters

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23 Comments

2. darkkjedii

Posts: 30964; Member since: Feb 05, 2011

Cook, hang in the bruh. You're going thru the ringer man. There'd better be some homers these next couple of years, or else.

12. Scott93274

Posts: 6031; Member since: Aug 06, 2013

Or else, yeah, it's easy to forget that Apple isn't opposed to firing its own CEO.

7. siddharthayadav202

Posts: 286; Member since: Apr 23, 2016

Are they gonna discuss new plans to fool people? or what new feature that android already has coukd be termed as innovation this year?? Jokes apart, I am still wondering what could it be that we do nlt know we want but once we get, we won't be able to live without it? Probably something in Tim's dream :p

8. oozz009

Posts: 520; Member since: Jun 22, 2015

And the war is on! Lol

9. PhoneCritic

Posts: 1354; Member since: Oct 05, 2011

All I can see is him giving in to The Chinese governments demand's in order to continue to do business there. Lots of American firms, Like Ford, GM, Microsoft, ETC have had to open up things to the communist regime in order to participate in their markets- The only exception I know of ( and please correct me if I am wrong of to which others have not want to play ball with Chinese government) has been Google which shut down its operations in china all together there. will Apple give in and give it source code or a back door for the Gov to spy on its people? That's all I can see Cook Agreeing to.

10. htcisthebest

Posts: 435; Member since: Nov 15, 2011

A corrupted company (e.g. amount of tax evaded) meets a corrupted country.

16. AppleVersusAndroid unregistered

I don't know if you're naive or just biased, but I hope you realize that companies, large or small have skirted the system in some way or another. Whether it's hiring employees and paying them under the table, or housing assets off shore to avoid paying higher taxes, etc. Be it Apple, Samsung, Microsoft, Exxon Mobile, Ford, blah blah blah.

14. ameran

Posts: 344; Member since: Dec 04, 2013

He is desperate to make money. He is even ready to kiss Chinese asses. I am so sorry for the greatest company in the world.

19. dimas

Posts: 3343; Member since: Jul 22, 2014

Jack Ma said that chinese businessmen should love the chinese government but don't marry them. I'm thinking that Tim is just going to do a one night stand without getting shotgun marriage.

21. emmawilliam834

Posts: 241; Member since: Feb 09, 2016

If things don't go well for Tim, he should have his pilot file a departing flight plan for New Delhi, or maybe Taiwan.

* Some comments have been hidden, because they don't meet the discussions rules.

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