china Stories July 24

AAPL: 152.09

1.82

Apple’s decision to design its own GPUs for iOS devices rather than license designs from Imagination Tech may have unexpected consequences. A report over the weekend suggests that an equity fund back by the Chinese government is exploring a bid for the company.

Concern is being expressed at the potential security implications of Chinese control over chip designs used in a wide variety of technology, including aerospace and defence equipment …

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china Stories July 18

AAPL: 150.08

0.52

Chinese smuggler caught with 102 iPhones strapped to her body, doesn’t beat the record …

A woman has been caught by customs officials with 102 iPhones strapped to her body as she attempted to smuggle them from Hong Kong into mainland China. Surprisingly, she didn’t break the record …

china Stories July 17

AAPL: 149.56

0.52

Apple is reportedly running the largest Apple Pay promotion in China since the service launched there almost 18 months ago.

The company is offering discounts of up to 50%, and points rewards of up to 50 times the usual number, for using the service at 28 major retail outlets and 16 online stores. The major push is in response to the greatest challenge faced by Apple Pay in the country …

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china Stories June 14

AAPL: 145.16

-1.43

Apple has now implemented a controversial change to the way it handles cash ‘tips’ sent to content providers through social media apps in China. It is treating them as in-app purchases, and taking a 30% cut.

Apple’s point of view makes perfect sense in the USA. It argues that a donation from a user to a content creator is no different to an in-app purchase. Indeed, in the original news piece, many commenters took issue with the use of the word ‘donation,’ saying that this is suggestive of a contribution to a charitable cause rather than to an individual.

But it is this which highlights the cultural gulf between the two countries …

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china Stories June 8

AAPL: 154.99

-0.38

A new report out of China details the arrest of some 20 employees working as Apple distributors who illegally sold customer data as part of a $7 million operation. The arrested employees reportedly worked in “direct marketing and outsourcing” roles for the company in the Zhejiang province.

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china Stories May 24

AAPL: 153.34

-0.46

Oppenheimer has written an investment note about Apple’s falling sales in China, entitled Fading ‘Reality Distortion Field.’ It coincides with a Bernstein estimate that iPhone sales in Apple’s second-largest market have dropped by a massive 20% …

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