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Apple strengthens its China strategy amid regulatory pressures, showing a 38% revenue rebound supported by new iPhone demand and supply chain diversification into Vietnam and India.
Apple CEO Tim Cook met China’s Commerce Minister, expressing appreciation for government incentives boosting Chinese consumption and emphasizing the market's importance for Apple.
Apple reduces its in-app purchase commission rate in China from 30% to 25%, benefiting Chinese game developers and potentially pressuring Android app stores to lower fees.
Apple secured a deal with Tencent reducing its commission on WeChat mini-games from 30% to 15%, opening a new revenue stream while continuing significant investments in China despite geopolitical ris…