“Apple Inc. will set up a research and development center in China’s manufacturing metropolis Shenzhen, the U.S. tech giant said on Wednesday, as the firm looks to spur growth in the world’s second largest economy amid growing competition,” Sijia Jiang reports for Reuters.
“The Shenzhen hub follows a similar plan for a center in Beijing, and comes as Apple is looking to bounce back in China, where local rivals like Huawei Technologies, OPPO and Vivo have been taking market share from its flagship iPhone,” Jiang reports. “Apple’s chief executive Tim Cook announced the plan during a meeting with senior officials from the southern Chinese city where he is attending a nation-wide innovation event, the Shenzhen Economic Daily reported.”
“The Shenzhen Economic Daily, citing Cook, said Apple was keen to attract talented software developers in the city, which remains an important center for manufacturing Apple products,” Jiang reports. “It added Terry Gou, founder and chief executive of Apple’s major supplier Foxconn, also attended the meeting.”
Read more in the full article here.
MacDailyNews Take: Now, about those iTunes movie and iBooks Store sales, China…
SEE ALSO:
Apple’s first R&D Center in China will develop hardware, employ 500 – September 29, 2016
Apple CEO Cook ‘pretty confident’ of soon resuming movie and book sales in China – May 3, 2016
Apple’s biggest China problem: iPhone’s strong encryption – May 2, 2016
The New Yorker: What Apple has to fear from China – April 30, 2016
Why Carl Icahn is wrong about Apple and China – April 29, 2016
Carl Icahn out of Apple over worries about China’s ‘dictatorship’ government – April 29, 2016
Apple stock falls as Carl Icahn dumps all of his shares – April 29, 2016
Carl Icahn dumps all of his Apple shares; stock drops – April 28, 2016
China could slam door on Apple, says top global risk expert – April 25, 2016
China’s increasing censorship hits Apple, but Apple might punch back – April 22, 2016
China shutters Apple’s online book and movie services – April 22, 2016
Re: MDN’s Take
Do you really think Apple is going to dictate to China?
Slide whistle….
i love chinese people, i do. chinese government on the other hand is shamelessly imperialistic, secretive, deceptive, authoritarian, belligerent, underhanded, unprincipled and duplicitous. if apple is going to go this route then they should be willing to climb down from the moral high ground they’re used to and operate within a theatre of corruption.
Truth is, all citizens of the world operate in a theater of corruption. So sad.