Apple China on Monday published an article on its official website that cited a report by a Shanghai University of Finance and Economics researcher, saying that the local App Store paid over 95 per cent of the 3.76 trillion yuan (US$519 billion) in revenue it generated last year to Chinese developers and various companies.
“We’re proud that the investments we make in the App Store have helped it become a powerful growth engine for local businesses of all sizes,” Apple chief executive Tim Cook wrote on Chinese microblogging platform Weibo. He said that the company is committed to the success of entrepreneurs across China.
It is unclear whether the study was sponsored by Apple. The company and the report’s author Ju Heng did not immediately respond to a request for comment on Wednesday.
Source link
