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Apple CEO Tim Cook reportedly signed a secret $275 billion deal with China in 2016 to skirt challenges with government regulators – NewsBreak

December 8, 2021
Source: newsbreak.com newsbreak.com
News Snapshot:
Apple's Tim Cook struck a $275 billion deal with China to ease a crackdown on its business there, per The Information. Apple agreed to help firms build "the most advanced manufacturing technologies" and invest "many billions of dollars" more in China. At China's direction, the company misrepresented the size of disputed islands on Apple Maps under threat of losing Apple Watch approval. Apple CEO Tim Cook struck a deal with the Chinese government in 2016 amid a regulatory crackdown that hobbled the company's business there, according to a new report from The Information . The five-year agreement is estimated to...
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