Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Apple Inc.    AAPL

APPLE INC.

(AAPL)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Apple's Cook meets China regulator after pulling Hong Kong app

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/18/2019 | 12:01pm EST
CEO Tim Cook speaks at an Apple event at their headquarters in Cupertino

BEIJING (Reuters) - Apple Inc Chief Executive Tim Cook met the chief of China's market regulator in Beijing on Thursday, the Chinese agency said, a week after the U.S. firm was thrust into political tensions between the mainland and protesters in Hong Kong.

Apple last week removed from its app store an app that helped Hong Kong protesters track police movements after a Chinese state newspaper sharply criticised it for allowing the software. The company said the app, HKmap.live, was used to target the police.

Cook had defended the removal in the face of criticism for appeasing mainland China, telling Apple workers that "this decision best protects our users".

China's State Administration for Market Regulation said in a statement on its website that its chief, Xiao Yaqing, and Cook discussed topics including Apple expanding investment in China, consumer rights protection and fulfilling corporate social responsibility. It did not give more details.

Cook was in Beijing for an annual meeting at Tsinghua University, where he serves on an advisory board alongside executives from other companies. Apple did not immediately respond to a request for comment.

China is a key market for Apple. Apple's smartphone market share fell to 5.8% in the June quarter from 6.4% in the same period a year ago, according to research firm Canalys, as China's homegrown Huawei Technologies Co Ltd [HWT.UL] became the dominant smartphone seller.

Cook's meeting Thursday came as China prepares to host the World Internet Conference in Wuzhen in China's eastern Zhejiang province. The event in the past has attracted overseas company executives, foreign diplomats and Chinese government officials.

It was not immediately clear if Cook would be a participant at the conference this year. He last attended the event in 2017.

(Reporting by Josh Horwitz and Lusha Zhang in Beijing and Stephen Nellis in San Francisco; Writing by Huizhong Wu; Editing by Christian Schmollinger, Muralikumar Anantharaman and Tom Brown)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on APPLE INC.
07:24aSensor specialist AMS closes in on lighting group Osram
RE
03:27aL'Oreal, Nestle score big at Alibaba's Singles' Day shopping fest
RE
11/11Alibaba's Singles' Day sales hit record $38 billion; growth slows
RE
11/11Alibaba's Singles' Day sales hit record $38 billion; growth slows
RE
11/11Financials Down As Hong Kong Tensions Escalate -- Financials Roundup
DJ
11/11Google's Secret 'Project Nightingale' Gathers Personal Health Data on Million..
DJ
11/11Google's Secret 'Project Nightingale' Gathers Personal Health Data on Million..
DJ
11/11Apple co-founder says Apple Card algorithm gave wife lower credit limit
RE
11/11Google's Secret 'Project Nightingale' Gathers Personal Health Data on Million..
DJ
11/11Apple aims to launch AR Headset in 2022, AR Glasses by 2023 - The Information
RE
More news
Financials (USD)
Sales 2020 275 B
EBIT 2020 66 639 M
Net income 2020 56 371 M
Finance 2020 91 977 M
Yield 2020 1,23%
P/E ratio 2020 19,8x
P/E ratio 2021 17,4x
EV / Sales2020 3,82x
EV / Sales2021 3,58x
Capitalization 1 143 B
Chart APPLE INC.
Duration : Period :
Apple Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends APPLE INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 44
Average target price 253,79  $
Last Close Price 257,24  $
Spread / Highest target 16,6%
Spread / Average Target -1,34%
Spread / Lowest Target -41,7%
EPS Revisions
Managers
NameTitle
Timothy Donald Cook Chief Executive Officer & Director
Arthur D. Levinson Chairman
Jeffrey E. Williams Chief Operating Officer
Luca Maestri Chief Financial Officer & Senior Vice President
Kevin M. Lynch Vice President-Technology
Sector and Competitors
1st jan.Capitalization (M$)
APPLE INC.64.92%1 142 985
SAMSUNG ELECTRONICS CO LTD--.--%305 641
XIAOMI CORP--.--%27 358
FITBIT, INC.40.85%1 829
MERRY ELECTRONICS CO LTD--.--%984
FOCUSRITE PLC18.74%415