Uh, I just don't understand your post.Give me a bit more to work with. Are you saying you didn't understand my post? Or why Apple bought ChuXING!?
101.78 billion? Or 101.78 million? The former figure sounds too horrible.75% of China's population is 101.78 billion.
Uh, I just don't understand your post.
101.78 billion? Or 101.78 million? The former figure sounds too horrible.
how is investing money in a company helps you understand Chinese Market (a company they have no controlling ability in)?? it's like me saying I saw Brazil soccer match and it helps me understand Brazilian politics better.
Whatever you are smoking Cook, stop it
it's funny if Apple invested this kind of money on Uber it would probably receive a different reaction.
Yet, Didi which serves more than *5 times* the rides as Uber (global) daily and has 14 million drivers (Uber has less than 400k drivers), gets labelled as a "random" Chinese company... and Apple investment in Didi is labeled as "flushed" away.
Just because the company is not from the US/Europe or seems foreign or we haven't heard of them before doesn't mean it's random or trivial.
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how is investing money in a company helps you understand Chinese Market (a company they have no controlling ability in)?? it's like me saying I saw Brazil soccer match and it helps me understand Brazilian politics better.
Whatever you are smoking Cook, stop it
Is this essentially a bribe to Chinese regulators? That is, look, we're invested in Chinese companies, let us play in this market?
Why doesn't Apple invest in American companies?
First off, I'm not saying Apple is well positioned to enter the car production market, however I do disagree with you about what you are saying here. 10 years ago you would have been absolutely right, but the car market is changing and currently being disrupted by new entrants such as Tesla. These are technology oriented rather than manufacturing and supply chain oriented players such as the traditional car makers. Why is that?
With the car industry becoming more and more a contract manufacturing industry, it is easier for independents such as Tesla or Apple to design their new car and contract the manufacturing out. That is good, because it is decreasing the controlling power of the big players and making it easier to become profitable at a lower rate of sales than historically where you needed globally about 10 million sold cars in order to be a bit profitable.
So, the field has changed. A new entrant needs to produce far less cars in order to be profitable AND the importance of self-owned ultra efficient just in time production lines is reduced immensely. Combine this with the increased simplicity of the new electric cars and I think the old players need to be very wary of what is coming for them.
"the car is a different ballgame" is only true for combustion engines and self-owned production lines.
Paying workers is already an expense. Profits are what Apple retains after paying that expense, and they are restricted in how they can move that money by both US tax law and China. Buy Foxconn? Why is that any better of an investment? They have a pretty good deal going with Foxconn now, and Foxconn is likely not a growth opportunity, but ride sharing likely is.What about paying 1,000 of workers from said country to assemble everything that they make?....why not buy Foxconn....why not buy anything related to their product.......really scratching my head on this whole thing. I really, really, really hope this isn't some back door government bullsh*t that one of our own politicians would pull just to get them to stop burning books...I mean closing apples book service....etc.etc.etc.
You kind of have me wondering if you know what communism is... It seems a strange topic to bring up in this thread.This is an example of why Apple's here to stay for the long haul. Even when they jump in bed with Communist China, buying the country's acceptance, Apple devotees cheer them on.
Few if any Millennials care, or even know what communism is.
Unable to comprehend, too complacent to educate themselves, too deep in a life of entitlements, they'll never know the difference until it's too late. If they're ever hit by the slap of reality, it's going to be the biggest wake up call of their lives.
Why doesn't Apple invest in American companies?
... why DID Tim Cook go to China?
Paying workers is already an expense. Profits are what Apple retains after paying that expense, and they are restricted in how they can move that money by both US tax law and China. Buy Foxconn? Why is that any better of an investment? They have a pretty good deal going with Foxconn now, and Foxconn is likely not a growth opportunity, but ride sharing likely is.
If iPhone sales are declining, should they invest in the manufacturing facilities making those phones? Seems to me that would double their losses, no?
Ride sharing is a growing business in a slowing economy, it diversifies their investments, gives them influence in another part of the Chinese economy and exposure to another potential market opportunity. I don't see why people are uptight about this...
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You kind of have me wondering if you know what communism is... It seems a strange topic to bring up in this thread.
Same reason Nixon went. Maybe?
Well, I still cannot link "Cha ching" to "ChuXING", either in English way or Chinese way. But never mind, let's leave it be.Cash register sounds like "Cha ching!"
Sounds similar to ChuXING! if you say it out loud.
I think Apple's investment is going to pay off really well for them.
We both must have noticed my mistake at the same time. I thought I'd fixed it before anybody twigged to it until I moved to the next page and here was your post. It should have been 1 billion. Thanks for catching the error.
No, this is exactly what Donald Trump is talking about. Corporations don't spend a billion dollars to make a political preference statement. They spend a billion dollars when they see money. And the money is in China. Because of our tax code, that money isn't being spent here (in the US).This is just to piss of Donald Drumpf right?
Sounds like a bribe to me.
Is this essentially a bribe to Chinese regulators? That is, look, we're invested in Chinese companies, let us play in this market?