After the company’s China revenues fell 12% year-on-year in the fourth quarter of 2016, Apple has committed more than US$500 million to research in the country, with plans to open two research and development locations by the end of the year. As CNBC reports, the move aims to curry favor with the government, while attracting local talent essential to keeping pace in the Chinese market.
China’s Premier Li Keqiang (left) shakes hands with Apple’s chief executive Tim Cook. Photo: China Daily via Reuters
Apple announces expansion in China
As their China sales continue to falter, Apple will set up two R&D centers in country