Apple gave China billions to “look the other way”
 

Cost $275 billion to protect the iPhone

Fruity cargo cult Apple protected its iPhone sales by giving the Chinese government billions to bolster China's economy and technological prowess through investments, business deals, and worker training.

The Information has run a story showing that how when the company was about to see the Chinese regulators claim down on its iPhone product CEO Tim Cook personally “lobbied” officials.

Cook secretly signed an agreement, estimated to be worth more than $275 billion, with Chinese officials promising Apple would do its part to develop China's economy and technological prowess through investments, business deals and worker training.

The five-year agreement was signed in 2016 to quash a sudden burst of regulatory actions against Apple's business.

Before the meetings, Apple executives were scrambling to salvage the company's relationship with Chinese officials, who believed the company wasn't contributing enough to the local economy.

https://fudzilla.com/news/mobile/540...-the-other-way