- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
Apple (NASDAQ:AAPL) chief executive Tim Cook must have something big on his China roadmap, as he was back in the country for his second visit in less than 10 months and met with the head of the Ministry of Industry and Information Technology. According to a statement posted on the ministry’s website, Cook was meeting Miao Wei to discuss the development of China’s information technology industry, global mobile communications, and Apple’s business in China, Bloomberg said.
Should you buy or sell Apple’s stock ahead of earnings this month? Our 20-page proprietary analysis will help you save time and make money. Click here to get your SPECIAL REPORT now.
China has grown rapidly to become one of Apple’s most significant markets, but it is also an area that needs nurturing to grow further. Apple’s China sales were $5.7 billion for the fiscal quarter through September, about 16 percent of the global total. Apple opened three new retail stores in mainland China last year to bring the total to eight. The number of stores in the country has doubled since Cook’s last visit in March when he pledged “greater investment” in what is now the world’s largest market for mobile phones, but in a country of 1.34 billion, there is still scope for growth.
The country is also Apple’s manufacturing headquarters, and last year saw sustained scrutiny of the company’s labor practices. Cook had visited a Foxconn factory during that visit.
Save time and make money with our LOWEST ADVERTISED PRICE EVER to help you achieve your financial goals in 2013. This is a LIMITED TIME OFFER, so get your Stock Picker Newsletter now!
Investing Insights: Is Apple Slowly Rotting Away?
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.