Tim Cook, in China, seeks to stem Apple’s losses

Wall Street Journal:

With Apple’s sales tumbling, the Chinese government’s support waning and a new iPhone coming out, Mr. Cook is on a goodwill mission: meeting with government officials, touring Chinese Apple stores and speaking with local residents. Mr. Cook pledged to increase investment in China in a meeting with Vice Premier Zhang Gaoli in Beijing on Tuesday. He continued to the central Chinese city Chongqing on Wednesday, where he toured an Apple store with the mayor.

Side note: Chongqing is one of the five Chinese national central cities. An important place for Tim Cook to visit.

Top Chinese leaders have expressed concern over declining iPhone sales. At a meeting in May between Chinese Premier Li Keqiang and technology executives in the southern Guizhou province, Mr. Li had only one question for Terry Gou, the chairman of Apple’s main contract manufacturer Foxconn Technology Group, according to people who attended the meeting.

The premier asked Mr. Gou if production this year would decline. After trying to deflect the question, Mr. Gou confirmed that “the general trend” was downward, the people said.

This Chinese trip is obviously an important visit and comes at a critical time for Apple.