Apple's App Store is booming in China, says CEO

Apple CEO Tim Cook attends the opening ceremony of the 4th World Internet Conference in Wuzhen in China’s eastern Zhejiang province on Sunday

As reported by the Washington Post, "The World Internet Conference held in the eastern Chinese city of Wuzhen is meant to promote China's vision of "cyber-sovereignty" - the idea that governments all over the world should have the right to control what appears on the Internet in their countries".

While China is home to the world's largest number of internet users, a 2015 report by U.S. think tank Freedom House found that the country had the most restrictive online use policies of 65 nations it studied, ranking below Iran and Syria.

China is Apple's third-largest market by sales, and represents an attractive growth opportunity for both active iOS devices and revenue.

Cook told the event that "the theme of this conference - developing a digital economy for openness and shared benefits - is a vision we at Apple share".

Apple also recently said it had moved its Chinese cloud data onto the servers of a local partner in the Chinese province of Guizhou.

"We have been notified by the Ministry of Public Security that a number of voice over internet protocol apps do not comply with local law, therefore these apps have been removed from the App Store in China", an Apple spokeswoman said at the time, according to Reuters.

American Eagle Outfitters (AEO) Declares $0.13 Quarterly Dividend
Zurcher Kantonalbank Zurich Cantonalbank boosted its position in American Eagle Outfitters by 9.3% during the second quarter. The stock has a market capitalization of $2,870.00, a P/E ratio of 13.62, a PEG ratio of 1.58 and a beta of 1.19.

Apple Chief Executive Tim Cook and Cisco Systems CEO Chuck Robbins also attended the event.

Apple this year agreed to Chinese government requests to remove dozens of virtual private network (VPN) apps - services that allow Chinese users to access blocked websites - from its local App Store.

Apple is showing signs of a comeback in China following six consecutive quarters of annual declines in iPhone shipments. iPhone shipments grew an estimated 40% YoY in Q3 2017 to reach 11 million units, up from 8 million in the year prior, according to estimates by Canalys.

"A lot of work Google does is to help Chinese companies", Pichai said.

He said: "Global cyberspace governance has no onlookers - we are all participants, ' adding that 'all parties" should have a say over how the internet is managed across the world.

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