Apple invests in China...what could possibly go wrong?

Discussion in 'Current Events' started by Phil in ocala, Sep 29, 2016.

  1. Phil in ocala macrumors 6502

    Phil in ocala

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    DJ Apple's First China Research Center Will Develop Hardware, Landlord Says
    (( Invest in a nation that has NO business ethics...the stock market read the news and SOLD>>

    Sep 29, 2016 07:52:00 (ET)

    BEIJING-- Apple Inc.'s first research center in China will be a $45 million facility located in the capital to develop hardware, the site's landlord said, announcing some of the first details of the project.

    The new center will focus on developing advanced technologies, including computer hardware and communications, audio and video equipment and other devices, state-owned Zhongguancun Science Park Administrative Committee said in a social media post Thursday. It said the center will have 500 employees.

    Apple declined to comment Thursday. Chief Executive Tim Cook said during a meeting last month with a senior Chinese leader that Apple planned to set up its first research center in China. No details were given by Mr. Cook, who promised to increase investment in China.

    His pledge came amid regulatory difficulties and rising competition for the company. Apple's challenges in China in recent months include the shutdown of its online book and movie services and stricter regulations over data storage. Meanwhile, the rise of local rivals has slowed sales in what was once Apple's fastest-growing market.

    The iPhone 7, which launched this month, has sold well in China, with some colors selling out of stock, as in other markets.

    The new research center will be located in a new science park in the city's Wangjing area, according to the Zhongguancun committee.

    The committee said Apple's decision to open the center will help boost to the Chinese economy, creating new employment opportunities, and Apple's competition with local phone makers would inspire designs suited to the China market.

    Apple said last month that the research center will focus on developing new products and services and "strengthening relationships with local partners and universities."

    Most of Apple's iPhones are manufactured in China. But Chinese leaders are seeking to upgrade the economy from low-level manufacturing and have been pushing development of advanced research and internet technologies.

    Yang Jie and Eva Dou


    (END) Dow Jones Newswires

    September 29, 2016 07:52 ET (11:52 GMT)


    Copyright (c) 2016 Dow Jones & Company, Inc.
     
  2. Mr_Brightside_@ macrumors 68020

    Mr_Brightside_@

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  3. Phil in ocala thread starter macrumors 6502

    Phil in ocala

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    Theft of technology secrets....they are masters at it....then have knocked off all kinds of technology in the last 15 years...I guess you did not hear about it.
     
  4. mobilehaathi macrumors G3

    mobilehaathi

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  5. rdowns macrumors Penryn

    rdowns

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    Holy ****. Have you told Tim Cook about this?
     
  6. Teon macrumors regular

    Teon

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    Needless to say, it is not necessary that had suddenly learned the truth
     
  7. nnoble macrumors regular

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    On the subject of China it seems those with scant knowledge or understanding of the country, government and people are the most suspicious and fearful and they seem to think anyone with a different outlook are either ignorant or crazy. Step back and try, I mean, try very hard and imagine the board of Apple, and other global companies, are neither ignorant or crazy.
     

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