There was a reason why Tim Cook bragged to Japan's PM about Apple's $100M investment in the country

  • 📰 PhoneArena
  • ⏱ Reading Time:
  • 59 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 59%

Finance Finance Headlines News

Tim Cook bragged to the Japanese Prime Minister about Apple's $100 million investment in the country's supply chain. Cook wanted something from the PM.

, Apple CEO Tim Cook had a special request for Japanese Prime Minister Fumio Kishida during his recent visit to Japan. Cook reportedly told Kishida to consider smartphone users before regulating the distribution of smartphone apps in the country. Cook supposedly told the Prime Minister not to diminish user privacy and security if Japan adopts new rules regarding app storefronts in Japan.

Certain countries are looking to pass legislation that would prevent Apple from forcing iOS app developers to use its in-app payment platform for subscriptions and in-app purchases. Apple takes a 15% to 30% cut of these transactions. Since iOS does not allow users to download apps from third-party app stores , some lawmakers in multiple countries say that the App Store constitutes a monopoly.

. But Apple sees sideloading as a way to introduce infected, malware-laden apps into the iPhone which could result in the theft of users' personal data and login information. Allowing Apple to keep firm control over the App Store is the safest thing for iPhone users according to Apple.

While not related to Cook's meeting with the prime minister, Apple's Japanese unit is being charged $98 million to cover back taxes that should have been collected by Apple for the bulk purchases of iPhone units by foreign buyers from Japanese Apple Stores. One transaction alone involved the purchase of hundreds of units at one time. Tourists staying less than six months in Japan are allowed to buy items without having to pay the 10% consumption tax.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 322. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines