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Foundering

Apple's $50 Billion Dilemma in China

Foundering

Bloomberg

Business, Tech News, Technology, News

4.71.1K Ratings

🗓️ 22 October 2019

⏱️ 16 minutes

🧾️ Download transcript

Summary

Hong Kong's pro-democracy protests have ensnared a number of companies, including one U.S. company that has the most to lose in China: Apple Inc. This week on Decrypted, Bloomberg Technology's Alistair Barr breaks down the iPhone maker's controversial decision to reject an app built to aid Hong Kong residents living through the protests, and discusses what's at stake for Apple both at home and abroad. 

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Transcript

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0:00.0

When you get your news from Bloomberg, you don't just get the story. You get the story behind the story.

0:07.0

How your Evie's battery may not be as green as it seems.

0:11.0

Why a decrease in global birth rates could send countries scrambling to increase immigration.

0:16.2

You get context.

0:17.6

And context changes how you see things, how you change things, because context changes everything. Go to Bloomberg

0:24.6

dot com to get context. Hong Kong's pro-democracy protests have raged on for several months now and with tensions flaring China is cracking down on anything

0:45.1

and anyone seen to promote the movement. That's gotten several American companies

0:50.0

in trouble both at home and abroad. There's new fallout this evening in the NBA's firestorm with China.

0:55.7

The NBA tonight fighting back after being blasted for caving to China's communist government.

1:01.2

Why did Activision Blizzard suspend this guy?

1:04.0

I guess it was to, you know, to butter up to China, wasn't it?

1:08.6

But few U.S. companies depend on China's 14 trillion dollar economy like Apple.

1:14.4

And the companies made a series of moves

1:16.3

that critics say bow to the country's

1:17.9

totalitarian government, including removing

1:20.7

an app for Hong Kong's residents that displayed the movement of local police.

1:26.0

Today on the show, Bloomberg editor Alistair Barb breaks down Apple's dilemma.

1:31.0

Can the company keep selling in China without losing its soul?

1:35.0

I'm Aki Ito, you're listening to Decrypted.

1:38.0

Stay with us. Hey Ali how's it going? I'm good. Do you want to introduce yourself? Yeah, I'm Alastebar.

1:53.0

I'm an editor on the tech team in the US.

1:56.0

I want to start a conversation today at the very beginning,

...

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