Apple CEO Visits China for Second Time This Year as Sales Slump

CEO of Apple Tim Cook gives a presentation as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, US September 9, 2024. (Reuters)
CEO of Apple Tim Cook gives a presentation as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, US September 9, 2024. (Reuters)
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Apple CEO Visits China for Second Time This Year as Sales Slump

CEO of Apple Tim Cook gives a presentation as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, US September 9, 2024. (Reuters)
CEO of Apple Tim Cook gives a presentation as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, US September 9, 2024. (Reuters)

Apple CEO Tim Cook was in China for the second time this year, he said on social media Tuesday, as the US technology giant seeks to shore up slumping sales in a crucial overseas market.

The iPhone maker remains popular among Chinese consumers but has ceded ground to domestic rivals in recent years as the Asian nation faces slowing economic growth and sluggish consumption.

Cook said Tuesday on his official account on social media platform Weibo that he had met with Chinese university students using Apple products to boost sustainable farming practices.

And in another video uploaded to his official page late Monday, Cook accompanied fashion photographer Chen Man on a walk through a historic quarter of the Chinese capital.

"It's great to be back in Beijing," Cook wrote.

Apple reported a $21.4 billion profit in the three months ending in June, on $85.8 billion in revenue over the period. The revenue was a five percent jump from a year ago.

But the iPhone maker's sales in China have come under pressure from homegrown competitors like Huawei in recent years.

The company was only the sixth-biggest smartphone vendor in China in the second quarter, down from the third biggest in the equivalent period last year, according to data by Canalys, a market analysis firm.

Cook last visited China in March, when he opened a new Apple store in Shanghai and attended a forum in Beijing alongside other top executives.



Saudi Arabia: NIDLP Launches Updated Daleel Platform with AI Support

The “Daleel Guides You” campaign highlights the platform’s advanced features designed to facilitate investment in the Kingdom
The “Daleel Guides You” campaign highlights the platform’s advanced features designed to facilitate investment in the Kingdom
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Saudi Arabia: NIDLP Launches Updated Daleel Platform with AI Support

The “Daleel Guides You” campaign highlights the platform’s advanced features designed to facilitate investment in the Kingdom
The “Daleel Guides You” campaign highlights the platform’s advanced features designed to facilitate investment in the Kingdom

Saudi Arabia’s National Industrial Development and Logistics Program (NIDLP) has launched a campaign to introduce the enhanced version of the “Daleel” platform, now featuring artificial intelligence and multilingual support in seven languages.

Targeted at investors, entrepreneurs, and business professionals, the “Daleel Guides You” campaign highlights the platform’s advanced features designed to facilitate investment in the Kingdom’s energy, industry, mining, and logistics sectors.

The updated platform offers comprehensive market information, competitive insights, and interactive maps tailored for investors, along with real-time updates and exclusive news on promising sectors.

Through its innovative technology, “Daleel” aims to support Saudi Arabia’s Vision 2030 by advancing NIDLP’s mission to establish the Kingdom as a leading industrial hub and global logistics center.