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Apple's Tim Cook bullish on global economy, urges China to open up

Cook said Apple is less concerned with the short term economic outlook because the tech giant makes investments looking ahead years or decades

AP | PTI  |  Beijing 

The proposed investments by the two Apple's contract manufacturers could give the much-awaited booster shot to the tech giant in India
The proposed investments by the two Apple’s contract manufacturers could give the much-awaited booster shot to the tech giant in India

CEO says he's "extremely bullish" about the global economy based on the amount of innovation being carried out, and he's urging China to continue to "open up."

In a speech at an economic forum in Beijing on Saturday, Cook said is less concerned with the short term economic outlook because the tech giant makes investments looking ahead years or decades.

His remarks come as China and the US prepare to meet again to resolve their trade dispute, which has roiled global markets, and as is expected to announce that it's launching a video service.

The iPhone has long been Apple's marquee product and main money maker, but sales are starting to decline. The company is pushing digital subscriptions as it searches for new growth.

First Published: Sat, March 23 2019. 13:00 IST
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