Apple (Nasdaq:AAPL) secretly signed an agreement worth more than $275 billion with Chinese officials. Citing a report on The Information, Reuters reports the deal has gone on to protect the iPhone maker from threats and regulatory crackdowns in one of its most important markets. AAPL shares rose 3.54% to close at $171.18 on December 7. Apple is a U.S. company that designs, manufactures, and sells smartphones, personal computers, tablets, wearables, and accessories. It also offers a range of related services. Apple’s China Deal Citing interviews and internal Apple documents, The Information alleges that Apple CEO Tim Cook forged a five-year agreement with Chinese officials.
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