October 3, 2023

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Tim Cook, Apple Inc.’s Chief Executive Officer, met with China’s Commerce Minister Wang Wentao on Monday, to discuss industrial and supply chain stabilization. This is his first visit to China since 2019. Tim Cook has been placed at No. 4 in the list of world’s best CEOs for 2023; Meanwhile, Apple Inc was ranked No. 3 in CEOWORLD magazine’s ranking of the world’s most influential companies.

Despite rising trade and geopolitical tensions between Beijing and the US, Tim Cook has praised Apple’s symbiotic relationship with China:

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Cook said during the trip, “Apples and China. , , grew together, and so it’s been a symbiotic kind of relationship. “We couldn’t be more excited,” Cook said at the China Development Forum in Beijing. “We have a huge supply chain in China. We also have a thriving App Store,” the Apple chief said in the state-run China Daily.

“We have a very large supply chain operation in China, and then of course we also have . . . Apple Stores,” he said, adding that the country had millions of developers for the company’s iOS operating system.

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“From the moment we hit the ground yesterday, we couldn’t wait to see some of our customers, so we went to the Sanliutn store [in Beijing],” They said.

Participants in the Saturday-Monday forum include Samsung President Lee Jae-yong, Pfizer CEO Albert Bourla, Bridgewater founder Ray Dalio, Blackstone CEO Stephen Schwarzman, Alliance Group CEO Oliver Bate, Rio Tinto CEO Jakob Stosholm and Hitachi. CEOs were involved. Toshiaki Higashihara.

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Apple is now looking to further diversify its manufacturing operations:

The meeting comes as Apple (AAPL) has reportedly worked to move some production out of China. The company’s largest supplier, Hon Hai Precision Industry Co., Ltd. (Foxconn) is set to open a large-scale factory presence in Bengaluru, India. Cook said in an earnings call last year that India was an “extremely exciting market” and “a key focus” for Apple, which posted “solid double digits year-on-year”, reflecting its efforts to increase production in the South Asian country. indicates high interest.

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