Tim Cook is making a high-profile visit to China that coincides with Apple opening a huge new store in Shanghai — its second biggest in the world. It’s all part of a push by the company to reverse a decline in iPhone sales in its most important international market. The new $11.
Earlier this month, Apple announced it would expand its research center in Shanghai to support all of its product lines and unveiled plans to open a new applied research lab in Shenzhen later this year. “China is the heart and lungs of Apple’s growth strategy as Cupertino doubles down on its China strategy with these moves,” said Daniel Ives, managing director and senior equity analyst at Wedbush Securities.
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