Apple CEO Tim Cook visits China as iPhone sales surge

Apple CEO Tim Cook is visiting China this week for the company’s 50th anniversary while data shows iPhone sales in China rose about 23% in the first nine weeks of the year.

Apple CEO Tim Cook is visiting China this week to take part in events marking the company’s 50th anniversary. The visit coincides with recent data showing stronger iPhone demand in China. Counterpoint Research reported a notable rise in iPhone sales early this year. Apple also adjusted App Store fees for mainland China before the visit. Key details: - Tim Cook is in China for the next week to participate in the company’s 50th anniversary celebrations. - Counterpoint Research data shows iPhone sales in China rose about 23% in the first nine weeks of the year while the broader smartphone market declined roughly 4%. - The article reports Apple has not raised phone prices in China and is absorbing some margin pressure as it seeks to expand market share. - The article reports Apple cut its mainland China App Store commission on in-app purchases and paid transactions from 30% to 25%, and lowered fees for smaller developers and mini-app partners from 15% to 12%. - The article notes the U.S. Supreme Court struck down tariffs that previously applied levies on some Chinese imports affecting the company. - China remains Apple’s second-largest market after the United States. Summary: Apple’s recent sales data and the App Store fee changes are reported alongside Tim Cook’s weeklong visit for anniversary events in China. The article mentions a consensus "Moderate" rating among 24 Wall Street analysts for Apple stock. Undetermined at this time.