360° Coverage : Apple Will Open R&D Center In Shanghai, China

Apple Will Open R&D Center In Shanghai, China

Massive three-building facility

Jan 30 2013, 4:17am CST | by

Apple Will Open R&D Center In Shanghai, China
Photo Credit: Getty Images

In another example of how Apple is warmly embracing the nation that it used to only go to for cheap labor, the company has firmed up plans to open a research and development and procurement management facility in Shanghai, China this summer. The region's Municipal Commission of Commerce has recently confirmed that it granted permission for such a project.

The large facility will include three new buildings in the Pudong district. It is already looking for new employees like an SPS business analyst, an administrative assistant, and an AppleCare team manager.

The total investment from Apple is not clear, but the company will be paying an estimated $8 million in rent every year to maintain the location of the three new R&D buildings.

China has been an increasingly important part of Apple's growth strategy for a while, but now that the company has found itself on a downhill track, China is becoming a much more focal point of interest. The nation still has a lot of untapped potential, but it is also rife with political and societal logistic nightmares.

Unlike in other regions, especially the US, Apple's growth in China was staggering, jumping 67% in revenue over the last year. The most recent earnings report fond that China took $6.8 million in Apple revenue. That is not something to be overlooked.

So, as for what the new business facility will be in charge of, that is kind of anyone's guess. Having an R&D facility doesn't necessarily need to be in China, but its position does make it close to the company's overseas manufacturing partners.

Via Tech Crunch

 
 
 

<a href="/latest_stories/all/all/6" rel="author">Mark Raby</a>
With more than 10 years as a professional writer, Mark Raby has an undeniable pulse on the latest trends. From the quiet rumors to the breaking news of the day, his eagle eye is always focused on the newest scoop and figuring out how and why the big newsmakers are noteworthy and relevant. He is based in New York City.

 

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