Date
11 December 2017
Apple CEO Tim Cook attends the opening ceremony of the fourth World Internet Conference in Wuzhen in China on December 3. Photo: Reuters
Apple CEO Tim Cook attends the opening ceremony of the fourth World Internet Conference in Wuzhen in China on December 3. Photo: Reuters

Developers earned US$17 bln from China App Store: Apple CEO

Developers using Apple’s platform in China have earned a total 112 billion yuan (US$16.93 billion), representing roughly a quarter of total global App Store earnings, Apple’s CEO Tim Cook said.

Cook shared the data during a speech at the fourth World Internet Conference in Wuzhen in China’s Zhejiang province on Sunday, Reuters reports.

Earlier this year, Apple said that developers had earned roughly US$70 billion in total revenue through the China App Store.

Apple counts China as its third-largest region by sales but it has lost market share in recent years as high-end handsets from local rivals continue to gain traction.

The firm is hoping to regain momentum following the release of its iPhone 8 and iPhone X models which shipped in November.

The US tech giant said earlier it had moved its Chinese cloud data onto the servers of a local partner in the Chinese province of Guizhou.

Cook’s attendance is conspicuous at the Wuzhen event, which is organized by the Cybersecurity Administration of China.

Apple had faced criticism from Chinese users and rights groups for bowing to pressure from Beijing cyber regulators after it decided to remove hundreds of apps from its Chinese store this year.

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RC

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