Apple's Cook announces new China R&D centre
Apple, which is facing mounting competitive pressure in China, plans to open a new research and development facility in the world's second-biggest economy.
The site will bring together engineers from some of Apple's existing centres, the company said during chief executive Tim Cook's visit to Beijing.
Apple didn't specify the office's location or planned number of employees.
Apple has more than doubled its number of corporate sites in China to 45 since 2011, so the move may help it consolidate some of those facilities.
Its spending on research and development has quadrupled in the same time frame as investors are eager to see results from other projects Apple is exploring amid slowing iPhone sales. (Bloomberg)