AppleInsider Staff
Apple is rumored to announce the opening of a research and development center in China later this year, with the large three-building campus said to be located in the Pudong area of Shanghai.
Citing people familiar with the project, CNET China (via global news service BrightWire) reports that the facility will consist of three six-story buildings built in a Baroque style with a total area covering over 100,000 square feet. The news comes just days after a similar report claimed Apple would be opening both an R&D center and a data center in Beijing.
The sources claim Apple began laying out the project six or seven years ago and plans to take residence in the space this summer. They go on to say that while construction of the center's exterior is complete, the interior has yet to be decorated. When the project is complete, Apple is expected to pay an annual rent of over 50 million yuan, or more than $8 million.
China is widely thought to be a major growth market for Apple, especially in regard to the company's mobile device lineup. Earlier in January, Apple CEO Tim Cook visited China for the second time in ten months, where he met with the country's head of industry and information technology Miao Wei. It was also confirmed that Apple chief held a meeting with the world's largest wireless carrier China Mobile, which currently does not carry the iPhone.
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15 Comments
Thats where the future money is. Yes we already sell and pay for products made there, but the big profits is in China and Apple knows it.
Dodge those taxes, Timmy. Dodge, Duck, Dip, Dive and Dodge!
"Designed and assembled in China. Profits routed through Nevada / British Virgin Islands. Tax avoided in California."
Might be a struggle to fit all that onto the back of an iPhone. Perhaps that's the reason behind the 5" iPhone rumors?
"Designed and assembled in China. Profits routed through Nevada / British Virgin Islands. Tax avoided in California."
Might be a struggle to fit all that onto the back of an iPhone. Perhaps that's the reason behind the 5" iPhone rumors?
Dodge those taxes, Timmy. Dodge, Duck, Dip, Dive and Dodge!
I think you are both missing the point. There are plenty of taxes to be paid here in china. If true, one of the likely reasons to do this is so that the local consumers don't have to pay the import taxes that are currently levied against all apple products. This makes them more expensive here than in the US.
The new Apple Pudong Research Centre
"Researching Pu and Dongs so you don't have to(TM)"