Apple Investment Plan: $507 million to be invested for research and development in China
In a statement on Friday, Apple says that it intends to start two more research and development centers in China. The two new R&D centers would be set up in Shanghai and Suzhou. This news came out after the recent Apple investment plan. The company earlier announced its plan to set up two R&D centers in Beijing and Shenzhen.
The four new R&D centers are planned to start operating later this year. Apple also announced that the company intends to invest $507 million (3.5 billion Yuan) in the country. This announcement was made by the company on its Chinese website.
This flow of investment will not only bring profits to the company but would also provide China with tons of new opportunities. Apple says that they’d consider the local talent first. This could create more new jobs and business opportunities in the country.
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Tim Cook, CEO Apple, is on a visit to the country where he’d address to an economic forum. This high-profile gathering would be attended by some senior government officials and oil giants like Royal Dutch Shell plc and Saudi Arabian Oil Co.
China has been always been a good support to Apple. And it’s also assumed by many big names that this one big nation in Asia is one route to capturing the other countries attention in the region.
However, since the establishment of local mobile brands like Huawei, OPPO, and Vivo, the sales figure of iPhone started going down. Apple considers this new investment to fill the gap and perhaps its 10th anniversary would also play a huge role in recapturing the Chinese market.
Image credit: Wired
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