Hong Kong - Apple is optimistic that some of its popular apps removed from its China App Store in 2017 to comply with government requests will be reinstated, says the U.S. technology giant's CE, Tim Cook.
Cook delivered a keynote at the conference, where he revealed that app developers have earned $16.9 billion from using China's App Store, which is about a quarter of global earnings, according to Reuters.
Apple's shares were little changed on Wednesday morning after Apple CEO Tim Cook discussed Apple's performance in a speech in China. "I have great hope on that and great optimism on that", said Cook.
FILE PHOTO: A attendee uses a new iPhone X during a presentation for the media in Beijing, China October 31, 2017. Apple's China App store now accepts WeChat payments.
According to Bloomberg, Cook said: 'The theme of this conference - developing a digital economy for openness and shared benefits - is a vision we at Apple share.
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The firm is hoping to regain momentum following the release of its iPhone 8 and iPhone X models which shipped in November.
Apple also recently said it had moved its Chinese cloud data onto the servers of a local partner in the Chinese province of Guizhou.
Cook's attendance is conspicuous at the conference, marking the first high-level executive to attend in the event's four-year history.
His and Google CEO Sundar Pichai's presence along with other business leaders, diplomats and other experts helped bestow credibility on Beijing's preferred version of an internet sharply at odds with Silicon Valley's dedication to unrestricted access.