In its latest quarter, Apple earned $10.2 billion in China, Taiwan and Hong Kong, or about 18 percent of its total revenue. “Piracy has been an epidemic for Microsoft in China,” said Dan Ives, a managing director at Wedbush Securities. It maintains it needs to be big to compete with the big Chinese companies. “People are concerned with the size and power of tech companies,” Sheryl Sandberg, Facebook’s chief operating officer, recently said in a CNBC interview. “There’s also a concern in the United States about the size and power of Chinese tech companies and the realization that those companies are not going to be broken up.”

Source: New York Times May 31, 2019 22:30 UTC