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Stock impact report

Apple removes 25,000 ‘illegal’ apps from App Store in China [The Verge]

New York Times Company (The) (NYT) 
Last new york times company (the) earnings: 2/6 07:00 am Check Earnings Report
Company Research Source: The Verge
Illustration by Alex Castro / The Verge Apple has reportedly pulled more than 25,000 apps from its App Store in China that were deemed to fall foul of Chinese regulations. At least 4,000 of these apps were tagged with the word “gambling,” according to Bloomberg , while the 25,000 figure comes from state broadcaster CCTV. “Gambling apps are illegal and not allowed on the App Store in China,” Apple said in an statement sent to Bloomberg and The Wall Street Journal . “We have already removed many apps and developers for trying to distribute illegal gambling apps on our App Store, and we are vigilant in our efforts to find these and stop them from being on the App Store.” Apple frequently has to fall in line with Chinese authorities “Apple itself has set up the rules on how to allow apps onto its store, but it didn’t follow that, resulting in the proliferation of bogus lottery apps and gambling apps,” The Wall Street Journal quoted CCTV as saying Show less Read more
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