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Apple Chief: $17 bil. earned from China App Store

Reuters WUZHEN, China (Reuters) — Apple Inc’s chief executive Tim Cook said developers using its platform in China number 1.8 million and have earned a total 112 billion yuan ($16.93 billion), representing roughly a quarter of global App Store earnings.

Cook shared the data on Sunday during a speech at China’s top public cyber policy forum, organized by the Cybersecurity Administration of China (CAC), which oversees internet regulation including censorship.

Earlier this year, Apple said that developers had earned roughly $70 billion in total revenue through the store.

Apple is facing criticism from local users and rights groups for bowing to pressure from Beijing cyber regulators after it decided to remove hundreds of apps from its Chinese store this year, including messaging apps and virtual private network (VPN) services that help users subvert China’s Great Firewall.

Apple counts China as its third-largest region by sales but it has lost market share in recent years as high-end handsets from local rivals continue to gain traction. The firm is hoping to regain momentum following the release of its iPhone 8 and iPhone X models, which shipped in November.Speech

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