Tim Cook said Chinese stimulus programs including the value-added tax reduction helped revive Apple's slowing business in China.
U.S. companies with a major China footprint including Skyworks Solutions, Broadcom, Micron Technology and Intel could also see a pop in their stocks if their performance in China improves. "The one that got the most visibility that happened in early April was the [value-added tax] reduction from 16% to 13%, so it was a very aggressive move. But there are other stimulus programs as well that likely have an effect at the consumer level," Cook said.
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:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tim Cook says the improved tone in trade talks is boosting Apple's China businessApple CEO Tim Cook said the company's prospects in China have significantly improved in just three months. Don’t you mean Tim Apple? I was critical of Apple in January. Apple has come along way since then but Apple should should Merge with Netflix or buy Disney. Glad to see the Chinese finally feel comfortable buying products made in China once again
Source: CNBC - 🏆 12. / 72 Read more »
Apple CEO Tim Cook had an impact on the company before he was even hiredApple CEO Tim Cook impacted the company's operations practices when he was still in the interview process, according to a new book about his career. How the world loved Steve Jobs, the global world would be happy if Tim follows and implements exactly what Steve would have done if he was alive. He's Tim Apple afterall 0 innovation
Source: BusinessInsider - 🏆 729. / 51 Read more »