Right now it seems like Apple is set for a collision of sorts with the Chinese government — and things may not be helped by the fact that a state-owned Chinese company just bought a stake in Imagination Technologies, a British chip design company Apple was previously reported as being in “advanced talks” to acquire.
Tim Cook is set for a verbal shootout in China as he meets with high-ranking officials in Beijing later this month to discuss some critical issues Apple faces in the country.
The visit comes at a time when Apple is facing various problems in China, including the loss of its exclusive iPhone trademark, and the Chinese government’s decision to ban the company from operating its iBooks and iTunes Movies stores locally.
Apple has confirmed that it will, unsurprisingly, fight against the Beijing Higher People’s Court’s decision to strip the company of its exclusive iPhone trademark — by allowing a Chinese company to sell leather purses, handbags, wallets, and smartphone cases bearing the iPhone name.
Because when you think iPhone you automatically think high-end leather goods, right?
Next time you buy an iPhone from China, you better be careful you’re not really getting a luxurious leather purse.
Apple is no longer the exclusive owner of the iPhone trademark in China, after losing a long legal battle against a Chinese company that claimed to have filed for the trademark much earlier.
Future iPhones are going to be so amazing, you probably haven’t even thought of the features Apple is going to add, Tim Cook claimed in a recent interview.
The Apple CEO appeared Monday on Mad Money in an effort to abate the company’s bleeding stock price following last week’s less-than-stellar earnings call. Cook reassured investors that the rumors of Apple’s demise have been greatly exaggerated once again.
While lackluster iPhone sales last quarter have scared off mega-investors and analysts alike, Cook promised some incredible innovation is in the pipeline. In addition to touting upcoming iPhone features, Cook’s wide-ranging conversation with Mad Money host Jim Cramer touched on everything from the Apple Watch being (inaccurately) dubbed a flop to Apple’s growing interest in India and much more.
Here are the highlights:
Apple earnings calls are usually a time for celebration and gloating, but for the first time in over a decade the company is poised to post declining profits.
Tim Cook warned Wall Street that this would likely happen due to declining iPhone sales. Have we really reached “peak iPhone”?
Analysts and reporters will be grilling Cook and Apple CFO Luca Maestri during today’s Q2 2016 earnings call. Investors will be looking for signs that Apple still has room to grow. And Cult of Mac will be right here, liveblogging the entire Apple earnings call — and translating the financial gibberish — when the big event starts at 2 p.m. Pacific.
Get in on the action below:
The closing of the iBook Store and iTunes movies in China might be the country’s first steps toward shutting Apple out, according to a leading expert on global political risks for corporations.
China has already become the second largest market for Apple in terms of sales, but the iPhone-maker could find itself banned from the country just like Facebook due to its privacy strategy that has already come under fire from government regulators.
A billionaire serial entrepreneur from China, whose company LeEco offers an ecosystem of streaming video services, electric vehicles, television sets and smartphones, has lambasted Apple for failing to innovate — and says it is failing in China as a result.
“As an industry leader, Apple should be developing more cutting-edge products,” he said. “The iPhone was still a leader five years ago after being launched in 2008 but now the concept has fallen behind.”
Kind of funny considering that LeEco recently rushed to beat Apple to release a smartphone without a 3.5mm headphone jack!
In its biggest move yet to regulate Apple in China, the Chinese government has forced Apple to shut down its iBooks Store and iTunes Movies in the country — just six months after the services were first made available.
While the government initially approved the launch, the State Administration of Press, Publication, Radio, Film and Television reportedly changed its mind and demanded that Apple shutter the service.
Chinese authorities have demanded Apple give the country complete access to its source code within the last two years, but Apple says it has refused to comply with the government’s demands.
Apple’s top lawyer, Bruce Sewell, defended the company’s position before U.S. lawmakers at a congressional hearing today, after the iPhone-maker was accused by law enforcement officials of refusing to help the U.S. government while at the same time freely giving information to China for business reasons.
The iPhone SE may not be Apple’s biggest hit in the U.S., but it’s selling like gangbusters in China!
Drexel Hamilton analyst Brian White recently visited Apple’s flagship retail store in Shenzhen, where he noted that fresh shipments of the iPhone SE (particularly in the gold color option) arrive each morning, and sell out within just one hour of going on sale.
Apple’s new iPhone SE might be able to take sales from Android in some emerging markets, but it certainly won’t be able to stem the bleeding in many countries, where Google’s platform continues to rob iOS of its market share.
According to the latest figures, Android is up in China, Europe, and even the U.S. as the iPhone’s share falls.
The iPhone SE may look tiny, but it’s already become a big hit in China.
Apple’s new iPhone doesn’t hit stores until March 31st, however, pre-orders for the iPhone SE have already topped 3.4 million in China according to early estimates that show the iPhone SE will be much better received than the iPhone 5c.
The FBI was reportedly “stunned” when it first got to see what Apple had planned for iPhone encryption, after it received early access to iOS 8 (where Apple introduced its new, stronger iPhone encryption) so that it could examine how its evidence-gathering techniques would have to change.
Apple’s Chinese retail store will continue this month with the opening of a brand new Apple Store in the port city of Dalian.
The store will be located at 66 Olympia Plaza in a giant complex, and opens at 10.00am local time on Saturday, March 19th.
A young man in China was found guilty of selling his 18-day old daughter in exchange for enough money to buy himself a new motorcycle and iPhone.
The 19 year-old man identified as ‘A Duan’ by local Chinese media reportedly found a buyer for his newborn through the popular messaging app QQ and negotiated the entire deal without the consent of the child’s biological mother.
Apple Pay may have finally launched in China, but it seems that Apple flinched first in its negotiations with Chinese banks over their adoption of the service.
At least, that’s according to a new report — citing “people with knowledge of the matter” — which claims that Apple will only earn about half of what it does in the U.S. for every Apple Pay transaction in China.
Apple Pay made its debut in China this Thursday, but things didn’t go quite as smoothly as hoped — largely thanks to the sheer number of users trying to register with the service.
According to local reports, many users were faced with system errors after struggling to link their credit cards to their Apple Pay accounts.
After almost two years of planning, Apple is finally ready to launch Apple Pay in China, the world’s second biggest retail market.
It may have taken a bit longer than Tim Cook hoped, but Apple Pay is finally launching in China this week — with bank representatives from the Industrial and Commercial Bank of China, China Guangfa Bank and China Construction Bank revealing that the mobile payments service will be available from February 18.
These three banks will be joined by 16 other Chinese banks and financial organizations over the coming months.
Apple continues to get a better foothold in China, despite a slowdown in the country’s smartphone market.
According to the latest smartphone sales data from Kantar Worldpanel ComTech, in the month of December Apple regained its status as China’s most sought-after smartphone brand, with a sales share of 27 percent for urban China.
The Chinese economy may be down, but Apple’s not taking its foot off the gas for a second when it comes to hitting its target of opening 40 Apple Stores in China by the end of 2016.
The country’s 33rd Apple Store is set to open at 10am local time next Saturday, January 31, at the giant MixC shopping mall in Qingdao, a city in eastern Shandong Province on the east coast of China.
Speculation surrounding a “budget” iPhone died out when Apple marketing chief Phil Schiller promised it would never happen. But with iPhone 6s demand allegedly falling and the global smartphone market becoming increasingly saturated, could a more affordable phone give Apple a security net? Could it prevent the iPhone business from stagnating in the same way the iPad business has?
Join us in this week’s Friday Night Fight between Cult of Android and Cult of Mac as we bicker like children over these questions and more!
Apple is known as one of the most environmentally conscious companies in the world, but some shareholders think the company needs to to a lot more if it hopes to meet the aggressive goals set by the Paris Agreement last year.
Boston-based investment firm Jantz Management has filed a resolution for Apple shareholders that would request that the Board of Directors reveal on plan to shareholders by June 2016 on how Apple plans to reach net-zero greenhouse gas emission status for its facilities and major suppliers by 2030.
Chinese New Year is just a few weeks away and the Apple Watch is gearing up to celebrate the occasion with two new color options that will add a lot of red (and hopefully some good luck) to your wrist.
