Our bustling economy is starting to resemble that of Communist China.
While we have a basically-open, free-market economy which allows business to flourish, we’re currently under a state of totalitarian censorship and top down control.
Leading corporates have walked arm-in-arm with government officials causing the single greatest corruption this country has ever seen. The federal government doesn’t even have to enforce certain rules and regulations as they rely on CEOs and other business leaders to do their dirty work.
Big Tech companies are particularly embedded in the Communist China business model as highlighted by Apple’s growing influence in the Far East.
iPhone maker Apple hit a record 23% market share in China in 2021, reclaiming its spot as the number one smartphone brand in the country. The surge in iPhone sales comes after it was revealed that the company signed a secret $275 billion deal with the communist government to build “the most advanced manufacturing technologies” in the country.
CNBC reports that in the fourth quarter of 2021, Apple’s smartphone market share in China surged to a record high allowing the company to reclaim its spot as the number one smartphone brand in the country for the first time in six years.
This is great news for Apple which has worked hard to gain a foothold in the Chinese market by cozying up to the communist government. Apple CEO Tim Cook signed a secret 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.
In the fourth quarter of 2021, Apple had 23% of the Chinese smartphone market and sales grew by 32% year-on-year, according to research by market analysts Counterpoint Research.
Counterpoint Research’s analyst Mengmeng Zhang commented: “The new iPhone 13 has led the success due to a relatively lower starting price at its release in China, as well as the new camera and 5G features. Furthermore, Huawei, Apple’s main competitor in the premium market, faced declining sales due to the ongoing US sanctions.”
Tim Apple, as Trump refers to him, strikes again!
Author: Asa McCue