technology

Apple CEO signed $275 bn deal with China in 2016 to quash regulatory actions: Report

Apple CEO signed $275 bn deal with China in 2016 to quash regulatory actions: Report

Apple CEO Tim Cook signed a five-year agreement with Chinese officials in 2016, worth about $275 billion, promising Apple would do its part to develop Chinas economy, reported The Information. The deal was reportedly signed to quash the regulatory actions against Apple. As per internal company documents, Chinese officials believed Apple wasnt contributing enough to local economy before the deal..

technology 2021-12-07 Inshorts