Apple CEO Tim Cook is in China this weekend and on Sunday he gave a speech at an event organized by the China Cybersecurity Administration. The latter is a regulatory agency that manages Internet regulation in the country. During his talk, Cook mentioned that 1.8 million developers in China are writing applications for iOS. So far, since the launch of App Store, they have earned 112 billion yuan, equivalent to $ 16.93 billion.
The executive said earlier this year that Apple paid developers $ 70 billion worldwide for their share in application sales since the App Store opened in 2008. The portion of that total paid to developers Chinese accounts for almost 25% of the total, indicating that they are responsible for almost $ 1 of every $ 4 that Apple pays developers for their share of the revenue derived from paid applications.
China is Apple's third largest market for total company sales, although the trend has been low. Domestic manufacturers such as Huawei, Oppo, Vivo and Xiaomi have been taking away business and market share from the iPhone by selling models with high-end specifications at more affordable prices. The US company hopes to gain ground with strong sales in China of Apple iPhone 8, Apple iPhone 8 Plus and Apple iPhone X.
During the quarter that ended last September, Apple sent 11 million iPhone units in China, a 38 % more than the 8 million delivered during the same quarter last year. The increase in shipments helped Apple break a streak of 6 consecutive quarters with lower iPhone deliveries year after year.