Developers Pocketed $17 Billion From China App Store, Says Tim Cook

Apple CEO Tim Cook revealed that 1.8 million developers have used its platform in China to earn nearly $17 billion.

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Developers Pocketed $17 Billion From China App Store
$17 Billion: Developers Cashed In From China App Store

Tim Cook, CEO of Apple Inc. said that the total number of developers using its app store platform in China were 1.8 million, and have earned around 112 billion yuan ($16.93 billion). Apple CEO revealed these figures during a speech at the top public cyber policy forum in China, organized by the Cybersecurity Administration of China (CAC) on December 3.

Cook outlined that the total earning from China app store contributes to quarter of total earnings in app store. The Cupertino-based tech giant has been facing a lot of criticism from Chinese users and right group for giving in under the pressure from Chinese regulators. It has removed many apps from its app store including virtual private network (VPN) services and some messaging apps.

For Apple, China is the third biggest region in terms of sales, but it lost momentum in the recent years due to intense competition from local players. However, it has been hoping to regain the momentum with the launch of iPhone 8 and iPhone X.

The tech giant informed that it has moved its Chinese cloud data on the servers of a local partner. It is situated at the Chinese province of Guizhou.

Apple CEO has visited China several times in 2017, including a visit in October wherein executives of various tech giants met Chinese President Xi Jinping. Tim Cook’s presence in the conference made him the first high-level executive to attend the event in the four-year history. Google’s CEO Sundar Pichai will also be attending the conference.

President Jinping will also address the conference and present his views on the future of tech giants in the country.

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