Apple CEO Tim Cook in China hails Chinese app developers
In this article (4)
Apple CEO Tim Cook has hailed Chinese app developers and their contribution to world’s second biggest economy, as he began his visit here days after the tech-giant invested $1 billion in local ride hailing app Didi Chuxing.
“The momentum is absolutely incredible,” Cook said in a meeting with developers, government officials and journalists.
He said developers in China have earned over $7 billion, more than half of it in last one year.
Their apps are popular around the world, with many of them having been downloaded in hundreds of countries, Cook said.
“We are in the early phases of a tremendous growth,” the 55-year-old CEO said.
“Government policies like Internet Plus act as the foundation of why I think the growth can be so incredible from here. They foster innovation and entrepreneurship throughout the Chinese economy,” state-run Xinhua news agency quoted him as saying.
Cook is on his eighth China visit since becoming Apple CEO in 2011.
He took a Didi taxi with Jean Liu Qing, president of Didi, to meet the developers.
The Apple chief regularly meets entrepreneurs when in China, and he said he continues to be impressed by them.
“[China] is one of the most vibrant places in the world. There are so many entrepreneurs now that they’ll drive the next generation of innovation in China,” he said.
“We are in the early phases of a tremendous growth,”
Apple Inc chief executive Tim Cook visited Beijing last Monday, days after announcing a $1 billion deal with ride-hailing app Didi Chuxing, and as the US firm tries to reinvigorate sales in China, its second-largest market after the United States.
Cook explained that Apple had chosen to invest in Didi as it has been “an incredibly great success story on the App Store,” aside from being a leading ride sharing service both in and outside China.
He said the investment reflected Apple’s excitement about Didi’s fast-growing business and Apple’s “continued confidence” in China’s economy in the long term.
Cook did not give a direct answer when asked about rumours that the Didi investment has some connection with Apple’s own plans for an electric car.
Currently, he said, Apple’s focus when it comes to the car market is on CarPlay, it’s device for connecting Apple smartphones to in-car entertainment systems.
“We’ll see where that takes us,” he said.
But Cook became far more direct when asked whether the investment was a sign of Apple losing its innovative edge.
“No, no, there is no truth behind that at all,” he said, arguing that it was a sign of Apple placing greater focus on China.
Apple has already put a lot of money into opening retail stores in China, which is Apple’s second biggest market after the US.
It is expecting the 37th Apple Store to open this Saturday, approaching Cook’s goal of having 40 before the end of 2016.
Questions & Answers
Q.What is the primary reason given for Apple's $1 billion investment in Didi Chuxing?
What is the primary reason given for Apple's $1 billion investment in Didi Chuxing?
Apple invested in Didi Chuxing because it was an incredibly successful app on the App Store and a leading ride-sharing service. The investment also shows Apple's excitement about Didi's growth and its confidence in China's long-term economy.
Q.How much have Chinese app developers earned through Apple's platform?
How much have Chinese app developers earned through Apple's platform?
Chinese app developers have collectively earned over $7 billion through Apple's platform. More than half of this significant amount was earned in the last year alone, demonstrating rapid growth in the sector.
Q.What is Apple's current focus regarding the car market?
What is Apple's current focus regarding the car market?
Apple's current focus in the car market is on CarPlay. This device connects Apple smartphones to in-car entertainment systems. The CEO did not directly answer questions about Apple's own electric car plans.
Reader pulse
Is Apple's Didi investment a smart strategic move?
21,081 votes so far