Apple CEO Cook reportedly lays out concerns to Japan's PM over app regulations
Mario Tama

Apple (NASDAQ:AAPL) CEO Tim Cook met with Japanese Prime Minister Fumio Kishida during his trip to Japan earlier this month and reportedly relayed the company's concerns over potential smartphone app regulation.
Cook, 62, told Kishida that any legislation should consider the protection of users, Nikkei reported, citing sources familiar with the matter.
Cook, who tweeted at various times while on his extended trip to the island nation, met with Kishida on December 15, Nikkei added.
Apple (AAPL) has faced scrutiny from all over the globe over its App Store practices and the commission, in some cases, 30%, it takes for sales made inside apps.
Earlier this month, it was reported that Apple (AAPL) was considering allowing third-party app stores on iPhones and iPads as it looks to adhere to legislation in Europe.
Following the report on third-party app stores, investment firm Morgan Stanley said that in a "worst case" scenario, Apple (AAPL) could see a 1% impact to revenue and a 2.5% hit to earnings per share if it allowed third-party app stores.
Apple (AAPL) shares fell less than 1% to $128.74 in mid-day trading on Friday.
On Thursday, it was reported that Apple's (AAPL) iPhone manufacturing partner was operating its key plant in China at 70% capacity, getting closer to meeting demand for its iPhone 14 line.