Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Apple Warranty Policy: How did Apple Win Over China’s State Controlled Media?

Apple Warranty Policy: As we discussed yesterday, Apple Inc. (NASDAQ:AAPL) has found itself in a bad spot in China. Not only is the company getting a lot of heat regarding its warranty practices, but the company’s treatment of the state controlled media was not up to par.

With all this in mind, Apple Inc. found itself in trouble, hoping to make things right before the company’s image took a huge hit.

Apple Inc. (NASDAQ:AAPL) is actually the smart money’s second favorite publicly traded company but hedge funds have started dumping Apple in favor of a surprising financial stock (see which stock hedge funds are buying like crazy).

Tim Cook holding chartEnter Tim Cook. The CEO of Apple took over responsibility for controlling the damage, even issuing a rare letter of apology.

Just yesterday, things looked bad for the company. Today, as is being reported by Reuters, things have changed for the better.

It appears that the company’s apology to Chinese consumers was enough to win over the country and get back on the right track in a market that is sure to bring big things to the Cupertino-based company in the future.

The newspapers that were killing Apple Inc. (NASDAQ:AAPL) just a few days ago are now singing the praises of the tech giant.

Global Times, published by Communist Party mouthpiece the People’s Daily, had to say:

“The company’s apology letter has eased the situation, softening the tense relationship between Apple and the Chinese market … Its reaction is worth respect compared with other American companies.”

Believe it or not, the Foreign Ministry even got in on the action. Here is what Hong Lei told a daily news briefing earlier today:

“We approve of what Apple said.”

Short, sweet, and to the point.

In the past, companies in the same position as Apple Inc. (NASDAQ:AAPL), such as HP, lost tons of money due to similar situations. However, Apple was able to squirm out of a tough spot thanks to the help of its CEO.

Now what do you think about this story? Share your thoughts in the comment section below.

Check back here for more updates on Apple Warranty Policy.

DISCLOSURE: I have no positions in any stock mentioned.

For more news, visit these three pages:

Apple Inc. (AAPL) can’t be Trusted in the Courtroom?

A Political Bill for Increased Apple Inc. (AAPL) iPad Usage on Airplanes

Apple Inc. (AAPL) Wins Patent Lawsuit Against Samsung in UK

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!