Tim Cook Hails China Investment, Says Apple 'Here to Stay'

Discussion in 'Politics, Religion, Social Issues' started by MacRumors, Mar 23, 2017.

  1. MacRumors macrumors bot

    MacRumors

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    Apple CEO Tim Cook sat down for an interview with Chinese media outlet Caixin on Tuesday, in which he emphasized Apple's ambitions in China and its long-term commitment to investment there.

    Despite Apple's need to see off competition in the country from the likes of Chinese mobile makers Oppo and Huawei, Cook took pains to explain that Apple isn't simply in China to grab a piece of the market, but that it is actively working to create jobs and improve people's standard of living in the country.

    [​IMG]
    Tim Cook poses for a photo during his visit to Ofo
    As reported earlier this week, Cook has spent the last few days in China to celebrate the company's announcement that it is building several research and development facilities in the region. On Wednesday he stopped in at Beijing-based bicycle sharing startup Ofo, which counts ride hailing company Didi Chuxing as one of its investors.

    Apple surprised analysts last year when it bought a $1 billion stake in Didi, earning it a place on the company's board. Speaking to Caixin, Cook said the investment in Didi was an exceptional case and not a general direction for Apple.
    Cook kicked off his China visit with a wide-ranging talk on Saturday at the China Development Forum, where he underlined his support for globalization. When asked by Caixin about the subject, the Apple CEO said there were three groups of people he always kept in mind.
    Commenting further on the recent political steps away from globalized investment, such as the protectionist policies of the Trump administration, Cook admitted it was important for policymakers to address the issues that have led to resentment by some, but said it would be a mistake to roll back the process of globalization.
    Cook is likely to remain in the country until at least Friday, when Apple will launch its special edition red iPhone 7 and 7 Plus globally. Despite the missing (PRODUCT)RED branding in China, Cook told MacRumors that proceeds from sales of the red colorway iPhones will still go to help the fight against HIV/AIDS, which has been called a "looming epidemic" in the country.

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    Article Link: Tim Cook Hails China Investment, Says Apple 'Here to Stay'
     
  2. Aussi3 macrumors regular

    Aussi3

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    Don't forget about the rest of us Cook while you are living in your dream land
     
  3. Col4bin macrumors 68000

    Col4bin

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  4. cardfan macrumors 65816

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    #4
    China-1.357 billion people. Largest iphone market in the world. That's all you need to know.
     
  5. GrumpyMom, Mar 23, 2017
    Last edited: Mar 23, 2017

    GrumpyMom macrumors 601

    GrumpyMom

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    #5
    Oh jeez. Another morning, another article about Tim promoting the NWO. Sigh. Get off my lawn, Tim.

    Edit: note to those who upvoted this post, I did not delete the rest of my second post that had been merged to this one. That part that is now gone was in response to another post that apparently has been moderated out or deleted. I just wanted to clarify why this post looks different.
     
  6. RickInHouston macrumors 6502a

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    #6
    Chinese companies with an upper hand know this, as well. Just ask the windmill energy company that invested in China that now has empty warehouses here.
     
  7. Cineplex macrumors 6502a

    Cineplex

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    #7
    China is very good at stealing IP and building up its own companies to produce an identical product. The government turns a blind eye and in some cases kicks out the victim company to promote its home company. A large percentage of business there is all bribes and theft.

    There is a whole industry here you don't see around shipping over American goods (made in China ironically) into China and selling it for large profits...things like MK bags, waterpiks, bad air, baby formula, and kid items. It all gets in via bribery of customs officials and China's blind eye. Go to Costco and look at people buying large quantities of the same item....guess where it's going? I've seen huge warehouses here filled with the stuff. It's a huge industry you don't even realize is here.
     
  8. miniroll32 macrumors 6502a

    miniroll32

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    "Here to stay; as long as you buy our gold products."
     
  9. MH01, Mar 23, 2017
    Last edited by a moderator: Mar 23, 2017

    MH01 macrumors G4

    MH01

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    #9
    Tim is playing the right game. China is going to go past US as the main market, already ahead of Europe. Smart politician he is .
     
  10. Kabeyun macrumors 65816

    Kabeyun

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    #10
    Can't everybody just reference their venom from the last everyone vs. Apple vs. China thread?

    Oh wait. Of course not. Not when there's an opportunity to spit fresh venom.
     
  11. Defthand macrumors 6502

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    #11
    HAHAHHAHAHAHAHAHAHAHAHAHAHAHAHha... hahaha…. haha…. whew…. oh boy…. I think I just sh*t myself from laughing.
     
  12. now i see it macrumors 65816

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    Does anyone really pay attention to gobblygook? That whole article is gobblygook.
     
  13. GrumpyMom macrumors 601

    GrumpyMom

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    @Kabeyun
    It's not really about us vs. China to me, personally. I just find it galling that Tim dismissed any notion of revitalizing manufacturing in the US, saying we don't have the people with the necessary training. But apparently he believes enough in other countries to invest in their futures. We are not the future anymore, so toss us on the rag pile.

    There's nothing intrinsically wrong and a lot that's positive about investing in Asia. But it's a slap in the face to tell workers in the west where your profits were initially made and are sheltered that they're not up to snuff enough to be worth investing in.

    It's also just really weird to hear the head of a company that proudly declares "Designed by Apple in California" natter on and on about globalization. Globalization on the surface sounds like a great concept. It sounds like it means unity and working together. That's what it could be if the people who actually profit off of it weren't evil dorks. In actual practice we have seen income redistribution and income inequality soar. And notice the ones who promote globalism the most are billionaires. Both liberals and conservatives who actually care about their fellow struggling citizens have noticed that.
     
  14. ateslik macrumors regular

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    #14
    There is no slap in the face to anyone. There is no emotion. It's just business. It's idealistic to think of it any other way. Nobody in the equation is thinking about anybody elses feelings.

    No one in their right mind who runs a company and answers to shareholders will spend more to train people and purchase tools when there is already a large group of people with the tools and training at a lower cost already available. If Americans want to get back in the game in all types of manufacturing they need to start training themselves and tooling up (perhaps via government subsidies to start) so they have a competent resource to offer, and the government needs to put laws and/or tariffs in place that make it less affordable for businesses to do keep doing this.

    Some people may distort this into some political statement showing support for "one side" or "the other", but the reality is that amid all the fighting and bicker that has become so popular we will experience the results together whether we want to or not.
     
  15. HiRez macrumors 603

    HiRez

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    #15
    All I heard was "Blah blah blah blah no Mac Pros blah blah..."
     
  16. GrumpyMom, Mar 23, 2017
    Last edited: Mar 24, 2017

    GrumpyMom macrumors 601

    GrumpyMom

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    #16
    You've actually hit the nail on the head as to why globalization is so toxic to free market economies. China's market is protectionist at so many levels from factories to courts to insular attitudes of their citizens. From bottom to top they are poised for global dominance.

    Here, we as a society are not at all unified to do what's best for the country as a whole. We are in a race to the bottom, from CEO to consumer. Globalization speeds that race right up.

    Changing our laws and placing tariffs can go only so far in a free country. China is the proverbial 500 pound gorilla holding all the cards with its state owned businesses and vast untapped markets that they say they will open if we invest and play by their rules...and then don't.

    CEOs can decide where to invest. We have seen they can even decide to give money away to charities. One billion dollars spent is one billion dollars spent. Companies can spend it at home but that might mean a few vacation homes less for their executives to make a long term investment like that into their own backyard. Our markets demonstrate too often it's all about rewarding short term strategy.

    One can't even say that Tim will see long term return on all of this Chinese investment. But it won't matter to him or other CEOs like him. They make their fortunes and it's the workers left to rot when the business collapses or is bought out by foreigners due to constant short term thinking.

    Time and time again we have seen that China in particular is only interested in our products until they develop the means to produce and innovate on them themselves. They will happily accept Apple's investment and then recreate their own home grown version of everything Apple does and they will sell it back to our people and it will be cheaper and probably more interesting and eventually even better...cough cough...One Plus 3T.

    We have globalized vast swaths of our consumers out of jobs, buying power, and relevance. It started with the blue collar workers but it's happening to white collar professionals, too. An opinion piece on Forbes summarizes what I've been reading across different sources. https://www.forbes.com/sites/mikecollins/2015/05/06/the-pros-and-cons-of-globalization/#60af9dbfccce
     
  17. mcfrazieriv macrumors 6502

    mcfrazieriv

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    #17

    You speak my mind.
     
  18. macs4nw macrumors 601

    macs4nw

    #18
    If I could, I'd give you 5 upvotes on this one..... the hypocrisy of those in power is becoming more obnoxious to thinking human beings by the day.
    --- Post Merged, Mar 23, 2017 ---
    There was a piece about the H1B visa program on 60 Minutes just last Sunday, where the workers at a CA tech company were not only let go and replaced by foreign workers, at a much lower rate of pay and without benefits, but the replaced American workers were actually bribed into training their replacements for a bonus.

    If that doesn't gall you, nothing will.
     
  19. BlandUsername macrumors regular

    BlandUsername

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    It doesn't gall the idiots who think mass immigration is a solution not the problem.
     
  20. MacsRgr8 macrumors 604

    MacsRgr8

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    #20
    Hoe often do we see this lately... Cook = too related to politics.
     
  21. Zenithal macrumors 68040

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    #21
    Tim's been looking to penetrate the Chinese ever since Steve died. It's a huge market that's ripe for spreading your product around.
     
  22. Defthand macrumors 6502

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    #22
    I have to wonder. Is Apple's
    ambition an exploit, or is a necessity? In other words, is it an attempt to enrich its shareholders further, or is it to buffer future market share losses elsewhere?

    Personally, I think Apple is going to flounder there as other foreign hopefuls are. The Chinese overwhelmingly prefer their own homegrown brands. Any novel ideas that Apple introduces there will be ripped off unless Apple pays "gratuities" to officials for protections. Any assurances that China affords U.S. companies will be in jeopardy if Trump has his way. On the other hand, Apple might be inmune. After all, its foreign activities are diverted through its Irish subsidiary. Perhaps the Chinese think Cook is Irish.
     
  23. niun macrumors 6502a

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    #23
    Tim.. No reason to rush back.. Stay as long as you want.
     

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