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- Danger Lurks for These 2 High-Yield Dividend Stocks
- What Investors Might Have Missed in the Stock Mark...
- Is Big Lots a Big Buy?
- Why Microsoft, Hawaiian Holdings, and Tempur-Sealy...
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- India to become second largest smartphone market b...
- Researchers develop a mobile app that lets visuall...
- Facebook usage over Tor surpasses one million mont...
- Free Wi-Fi content on trains and buses; this is ho...
- China ban on Apple services is a challenge for key...
- Android N Developer Preview moves beyond Nexus dev...
- Apple may be exempted from local sourcing norms fo...
- Acer Liquid Zest Plus announced with massive 5,000...
- US Justice Department withdraws NY iPhone unlockin...
- Microsoft, Google agree to withdraw regulatory com...
- Does the IRS Know If I Cashed Out a 401(k)?
- Surprise! Halliburton Company Pre-Announces Q1 Res...
- How Microsoft Won the Buyback Game
- What Happens to Stock Prices After Exiting Bankrup...
- Apple Inc's WWDC 2016: 3 Important Product Moves t...
- Can You Deduct a Fund's Expense Ratio?
- LinkedIn's College Student App Has Huge Profit Pot...
- This Research Report Is Horrible News for Apple
- Americans Spend Twice As Much Time on the Mobile I...
- Starbucks Corporation and Boston Beer Sink on Flat...
- Danger Lurks for These 2 High-Yield Dividend Stocks
- What Investors Might Have Missed in the Stock Mark...
- Is Big Lots a Big Buy?
- Why Microsoft, Hawaiian Holdings, and Tempur-Sealy...
- 1 Reason Wells Fargo Makes So Much Money
- Biogen Inc Earnings Explode Higher, Revenue Not So...
- Why Advanced Micro Devices, Southwestern Energy, a...
- Why Hawaiian Holdings, Inc. Stock Plummeted Today
- Facebook, Inc. Earnings: 3 Questions for Mark Zuck...
- BJ's Restaurants, Inc. Stock Up Big on Earnings: K...
- Better Buy: TransEnterix or Intuitive Surgical
- After Earnings, Is IBM a Buy?
- Has IPG Photonics Stock Gotten Ahead of Its Earnin...
- A Smart Strategy for Claiming Social Security At 62
- 3 Reasons Why the Apple Car May Fail
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- Starbucks Corporation Earnings: 10 Reasons Results...
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- Why Did Southwestern Energy Take Out a $1.5 Billio...
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- Is VR too dangerous for kids? We asked the experts
- Don’t let the kids have all the fun, ace Snapchat ...
- Use only clean energy with the flip of a switch th...
- The NHTSA is using Twitter to personally call out ...
- iPhone running low on memory? SanDisk's iXpand Fla...
- MTV Cribs is making a comeback … on Snapchat
- What’s new on Netflix and what’s leaving in May 2016
- Eizo Foris FS2735 review
- New trailer for Woody Allen's Cafe Society feature...
- Art imitating life: 7 great crime movies based on ...
- id Software responds to PC gamers' complaints abou...
- Big sound, small package: Here’s our 9 favorite so...
- Relive the horror and the glory of the top ten Gam...
- China’s National Space Administration just announc...
- Scared of zombies? Inkas’ upgraded Sentry APC will...
- Ingenious Brazilian billboards use fake sweat to a...
- Close that torrent! Here’s how to legally watch Ga...
- UCI scientists stumble upon the key to never-endin...
- Zotac teases tether-free VR gaming using a Zbox mi...
- Two weeks on the road with digital ear plugs made ...
- A swing and a miss: ten car brands that didn’t mak...
- Prince’s autopsy is complete, but official results...
- There's nothing subtle about MSI's new Aegis gamin...
- How the DMCA silences cybersecurity experts, and m...
- Trends with Benefits: Celebrating TechfestNW and n...
- Legless duck walks again with 3D printed prostheti...
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- Does the IRS Know If I Cashed Out a 401(k)?
- Surprise! Halliburton Company Pre-Announces Q1 Res...
- How Microsoft Won the Buyback Game
- What Happens to Stock Prices After Exiting Bankrup...
- Apple Inc's WWDC 2016: 3 Important Product Moves t...
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- LinkedIn's College Student App Has Huge Profit Pot...
- This Research Report Is Horrible News for Apple
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- Starbucks Corporation and Boston Beer Sink on Flat...
- Danger Lurks for These 2 High-Yield Dividend Stocks
- What Investors Might Have Missed in the Stock Mark...
- Is Big Lots a Big Buy?
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- Why Advanced Micro Devices, Southwestern Energy, a...
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- Facebook, Inc. Earnings: 3 Questions for Mark Zuck...
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- Better Buy: TransEnterix or Intuitive Surgical
- After Earnings, Is IBM a Buy?
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The Chinese government decided to ban two iTunes products which may be detrimental to Apple’s continued success in the country, its second-largest market after America. China wants to encourage local products and business that rival Apple’s iTunes Movies and iBooks Store, which is why Apple users in the region won’t be able to purchase or rent movies and buy books from Apple anymore.
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The two stores were launched in China just six months ago, after obtaining regulatory approval from the government. But now, the State Administration of Press, Publication, Radio, Film and Television, demanded these services would be shut down immediately, The New York Times reports.
Apple has confirmed the decision. “We hope to make books and movies available again to our customers in China as soon as possible,” a spokesperson said.
As the Times explains, the move isn’t necessarily surprising for China, which seeks not only to promote local businesses over foreign, especially U.S.-based ones but also to control the kind of content its citizens can access. So far, this policy did not affect Apple’s growth in the country or its operations. But it looks like Apple won’t be an exception any longer, as regulators may intensify scrutiny into Apple’s business.
“They are interested in protecting the content that the Chinese people see, policing its national security and favoring indigenous giants such as Huawei, Alibaba, and Tencent,” New-York based advisory firm Rhodium Group’s founding partner Daniel H. Rosen told the Times. “[China] is strongly disinclined to accept the dominance of foreign players on the Internet, not least those from the United States.”
According to local media, President Xi Jinping of China conducted a meeting on Tuesday on the country’s Internet policies. Leaders from Alibaba and Huawei were present.
“China must improve management of cyberspace and work to ensure high-quality content with positive voices creating a healthy, positive culture that is a force for good,” he said, according to news service Xinhua.
Chinese customers spent $59 billion on Apple products last year, the Times reports, with the iPhone being a hit product in the country. This explains why China is so important for the company. Reduced access to Apple’s online services, including movies and books, might pose a problem, especially if China decides to ban other iTunes products in the region.
Source : http://bgr.com
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