Deal With the Devil “China”: Satan Soldier Apple CEO Tim Cook Apple Signed a $275 Billion Contract With China to Avoid a Crackdown — Apple’s Market Value Has Dropped by $1 Trillion in the Last Year,Two Male Whores Consummate Their Evil Deal
HNewsWire: Apple's market value has dropped by $1 trillion in the last year, marking the tech giant's largest slump in months.
Exactly one year to the day after becoming the first publicly listed Silicon Valley corporation to be valued at $3 trillion, the internet giant's market valuation dropped below $2 trillion on January 3.
News of a decline in demand for Apple devices sent the company's stock down 3.7%.
There was a $85 billion loss in market value for the smartphone manufacturer due to the sell-off.
Apple, like many other major IT firms, has seen a drop in revenue as a result of supply chain issues and consumer and business anxiety about the economy.
On January 2nd, Nikkei Asia reported that Apple was experiencing sluggish demand, particularly for its most popular items such as the MacBook, AirPods, and Apple Watch.
Allegedly, the firm informed a number of vendors that, beginning in the first quarter, they should produce fewer components for the aforementioned products.
A manager at an Apple supplier told Nikkei Asia that the company has seen reduced orders from Apple across practically all product lines since the quarter ending in December. This is in part due to the fact that demand is not particularly robust.
The popularity of Apple's new goods has analysts worried, as does the company's difficulties in shipping iPhone 14s during the crucial Christmas shopping season due to problems at its primary supplier in China brought on by the epidemic.
Apple's holiday sales were negatively impacted by China's crackdown.
Apple reported "high demand" for the iPhone 14 Pro and iPhone 14 Pro Max, but warned that shipments would be fewer than projected because of limitations imposed by the Chinese government.
The company's Chinese plants were producing less than usual, which caused an order backlog.
Due to this, buyers had to wait long periods of time to purchase the highly sought-after iPhone Pro models, which negatively impacted Apple's Christmas sales last month.
In October, the Chinese Communist Party (CCP) implemented epidemic lockdown restrictions, disrupting production at Foxconn, the world's largest iPhone manufacturing.
According to Apple's website, the delivery time for an iPhone 14 Pro is still about two weeks, despite claims from Chinese official media that operations are now supposed to be operating at around 90 percent capacity at the Foxconn facility.
Wang Xue, the factory's deputy general manager, told Henan Daily, "The order books seem strong at the present, and the orders will peak from now until a few months after Chinese New Year."
Apple lost almost $1 billion per week in November iPhone sales due to production problems in China, according to Wedbush Securities analyst Daniel Ives, as reported by CNN.
In recent months, Apple has stepped up its efforts to relocate some of its manufacturing operations outside of China.
Some of the IT firm's product production lines may be relocated to developing nations like India and Vietnam, according to reports from the firm's suppliers.
"The transition out of China will not be simple and come with significant logistical, technical, and infrastructural difficulties as the aggressive drive to India and Vietnam now starts with the Apple ecosystem informed," Ives said on December 4.
He predicted that by the 2025/26 fiscal year, more than half of Apple's worldwide iPhone manufacturing might be moved to those two nations.
Losses for Major Technology Companies Were Extreme in 2022
Apple's stock price has fallen significantly recently, but it's not the only major technology company to see precipitous drops.
Over the previous 12 months, Amazon and Meta have seen declines of around 50% and 70% in market value for their shares, respectively.
During the same time frame, Apple's stock has only lost around 30% of its value.
Apple CEO Tim Cook reportedly signed a $275 billion deal with China in 2016 in order to prevent a crackdown by the communist government on its vast business in the country. The Masters of the Universe committed to “grow together with Chinese enterprises to achieve mutual benefits and a win-win situation.”
The Information reports that Apple CEO Tim Cook signed a deal with China in 2016 worth $275 billion to prevent restrictions on its business in the country. As part of the deal, Apple agreed to help Chinese firms build “the most advanced manufacturing technologies” and invest “many billions of dollars” in the country. The five-year agreement was designed to placate Chinese government officials who felt that Apple was failing to invest enough in the Chinese economy.
A memo of understanding was created by Apple’s government affairs team in China alongside China’s National Development and Reform Commission to improve the company’s relations with Chinese leaders. Apple executives also made it a priority to meet with top Chinese government officials after the 2016 regulations affected iTunes books and movies.
The deal made Apple commit to helping Chinese manufacturers build the most advanced manufacturing technologies” and train workers. It also included promises to use Chinese suppliers for more parts for Apple devices, develop deals with Chinese software firms, work with Chinese universities, and invest “many of billions of dollars more,” than Apple was already investing in China.
Apple further committed to “grow together with Chinese enterprises to achieve mutual benefits and a win-win situation,” develop China’s IT industries, promote education in the fields of science, technology, education, and environmental protection, and in exchange China agreed to provide “necessary support and assistance.”
Apple has long done its best to placate China, it was reported in May of 2021 that Apple made a number of concessions to the Chinese government in order to continue operations in the country. The New York Times wrote:
Inside, Apple was preparing to store the personal data of its Chinese customers on computer servers run by a state-owned Chinese firm.
Tim Cook, Apple’s chief executive, has said the data is safe. But at the data center in Guiyang, which Apple hoped would be completed by next month, and another in the Inner Mongolia region, Apple has largely ceded control to the Chinese government.
Chinese state employees physically manage the computers. Apple abandoned the encryption technology it used elsewhere after China would not allow it. And the digital keys that unlock information on those computers are stored in the data centers they’re meant to secure.
The Times also alleges that while U.S. regulations prohibit Apple from handing data over to Chinese authorities, storing user data on local Chinese storage creates a loophole allowing it. A Chinese firm named Guizhou-Cloud Big Data (GCBD), is actually the legal owner of Apple iCloud customer data in China. Due to this, Chinese authorities can demand access to data from GCBD rather than Apple.
Since 2017, around 55,000 apps have been removed from the Apple App Store in China, according to data provided by Sensor Tower. Some of the apps included foreign news outlets, encrypted messaging apps, gay dating services, and VPNs allowing users to bypass China’s strict internet restrictions.
China has been buying up agricultural lands in the United States for years, a trend that a U.S. lawmaker said must end in order to safeguard the American food supply chain.
“China, frankly, is an adversary. We want to make sure that we control our food supply. I think it’s a natural, important, national security issue
Chinese firms have been buying American agricultural lands for the last decade. According to data from the U.S. Department of Agriculture (USDA), Chinese investors controlled 13,720 acres in the United States, worth $81,425, as of the end of 2010.
That number jumped to 191,652 acres worth about $1.86 million, before the start of 2020, according to USDA.
One of the deals involves China’s meat processor WH Group, when it purchased Virginia-based Smithfield Foods for $4.7 billion in 2013. With the purchase, the Chinese company owns the largest pork producer in the United States, as well as 146,000 acres of prime farmland.
Another deal involved two Chinese entrepreneurs, when they bought a 22,000-acre ranch in Utah in 2011 to grow alfalfa and export it to China.
China’s agricultural investments have not been limited to the United States. According to a 2018 USDA report (pdf), China’s direct overseas investment in agriculture, forestry, and fishing jumped from $300 million in 2009 to $3.3 billion in 2016.
The report found that these overseas investments were closely aligned with the communist regime’s policies, including the “Belt and Road” investment initiative (BRI, also known as “One Belt One Road”).
Source: HNewsWire HNewsWire breitbart
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