This year's Joseph Levenson Book Prize goes to the 2021 work making "the greatest contribution to increasing understanding of the history, culture, society, politics, or economy of China."
Visualizing Apple in China
Apple rolled out new products and services this week, so we look at how important China has been to Apple.
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Apple has sold over 2.2 billion iPhones since 2007, many of them in China. Those iPhones (and iPads, etc.) were assembled in China. But for the US$451 experts estimate it costs to make a new iPhone, only US$14 stays in China: US$7 to Foxconn and US$7 to the workers it employs. The iPhone is not as popular in China as in the past. China's workers and its giant phone market helped Apple become the first company worth US$2 trillion. Just two years ago, Apple sold most of the more expensive phones in China. In 2019, however, Apple only won over 9% of China's buyers.
Wherever you may be, we wish you and those close to you the very best Year of the Rabbit.
Join us for a discussion with Mike Chinoy on his new book that expands on USCI's Assignment: China series.