Apple CEO seen visiting Chinese retail store, may attend state sponsored summit
Justin Sullivan


Apple (NASDAQ:AAPL) CEO Tim Cook is visiting China this week for the first time since the COVID-19 pandemic.
The 62-year-old Cook visited the store in Beijing's Sanlitun shopping area, according to multiple media reports.
In addition, Cook is slated to attend the China Development Forum over the weekend, according to state-run news outlet, China Daily.

Several other U.S. executives are slated to attend the conference, including Pfizer CEO Albert Bourla and hedge fund manager Ray Dalio.
Though Apple (AAPL) has continued to diversify its supply chain away from China and towards India, the country is still an important market to Apple (AAPL). In its most recent quarter, Apple (AAPL) generated $23.9B of its total $117.2B revenue from Greater China.
Cupertino, California-based Apple (AAPL) did not immediately respond to a request for comment from Seeking Alpha.
Apple (AAPL) shares were fractionally higher in late-day trading on Friday.
KeyBanc Capital Markets recently said its proprietary data showed February spending on Apple (AAPL) products and services was above the three-year average.