: A few sentences from Apple boss Tim Cook more than five years ago could cost the iPhone company almost half a billion dollars, reported dpa news.
In a conference call following the presentation of quarterly figures at the beginning of November 2018, Cook made relatively positive comments about business in China. According to the settlement agreement, Apple still does not believe that it has violated any laws or misled investors. Cook had spoken in the conference call on November 1, 2018, about a slowdown in business in emerging markets such as Brazil, India, Russia and Turkey. At the same time, he said he would “not put China in that category.”
Source: News Formal (newsformal.com)
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