Here’s what Apple CEO Tim Cook has to say about China’s market meltdown

Global stock markets are plunging today (Aug. 24) on fears that China’s economy is in deep trouble. Among the many stocks taking a hit is Apple, down nearly 6% to $99.51 per share, but Tim Cook says he’s not worried. The Apple CEO took the unusual step of emailing CNBC’s Jim Cramer in the midst of the market-opening chaos to say the company “has continued to experience strong growth” in China, its second-largest market, during July and August.