Financial TimesFinancial Times

Apple’s bargain with Beijing: Access to China’s factories — and consumers

By Patrick McGee and Ryan McMorrow

08 Nov 2022 · 4 min read

Editor's Note

The FT reveals the extent of Apple’s growing dependence on business in China—and how the company has acquiesced to the demands of the Communist Party in exchange for market access.

The most profitable tech company operating in China is not a homegrown internet giant such as Alibaba or Tencent, but California-based Apple.

Its China business grew so quickly during the pandemic that it now generates more profit than the combined income of the country’s two biggest tech companies, according to an analysis by the Financial Times.

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