Sina Technology News Beijing time morning news on May 16, Apple CEO Tim Cook said this week that he opposed the US President Trump's approach to trade with China, while urging Trump to be resolved is called ' Dreamers' (Dreamers) legal status of the immigration group.
In an interview with Bloomberg, Cooke said that the message he wants to convey to Trump is mainly the importance of trade, and how Sino-US cooperation can promote economic development more than independent actions.
At the end of April, Cook visited Trump in the Oval Office of the White House. At that time, China and the United States were in a tense climate of trade warfare. Trump announced that it imposed a 25% tariff on at least 50 billion U.S. dollars of goods from China and caused a In retaliation, Cooke said in an interview that previous trade policies were flawed, but Trump’s practice was also problematic.
Cooke said: 'This is indeed a fact. In both countries, not all people benefit from it. We must solve the problem. However, I do not think that it is appropriate to impose tariffs. I have provided Trump with more analysis. The result, proof of reason. '
Although Apple produces most of its products in China, and both the United States and China rank among Apple’s top three markets, Apple has not yet been severely affected by trade tensions. Apple’s iPhone and iPad were designed in the United States, Heshuo and other industrial and commercial production in China's factory.
In the quarter of the most recent holiday season, Apple’s revenue from the Americas market was $35 billion, while revenue from the Chinese market was close to $18 billion. Since Cook served as CEO of Apple in 2011, China has become the most important market for Apple. One. In this area, Apple currently has 41 retail stores, which is the largest retail outlet outside the United States.
Cooke said he urged Trump to look for a solution for children as illegal immigrants entering the United States. He said: 'We only need a regulation to avoid a catastrophic situation.'
Apple expressed support for Trump’s legislation to drastically reduce corporate income tax. This is particularly beneficial for Apple and other large technology companies in the United States. These companies have hundreds of billions of dollars of overseas funds and are currently transferring these funds back to the United States. Cooke said that through taxation, recruitment, new park construction, and a capital expenditure of 30 billion U.S. dollars, Apple will invest US$350 billion in the United States in the next five years.
Cook also said that Apple will buy back some stocks because 'we think our stocks are good value'. 'This is also good for the economy, because if people sell stocks, then they need to pay capital income tax.'
Cooke also talked about Apple’s rapidly growing service business. He said that Apple’s streaming music service currently has more than 50 million paid or free trial users. Last month, the number of paying users exceeded 40 million, and another 8 million people are trying Free trial service. In this area, Apple still lags behind Spotify, which announced the number of paying subscribers was 75 million this month.
Cooke said that Apple will invest more resources to promote the development of streaming media video, and the production of original TV dramas and movies. However, he did not announce more details. 'We are very interested in the content business, we will be in line with our brand Ways to get involved. However, we are not yet ready to publish any details, but obviously this is an area of interest to us.