Apple to open research and development center in Shanghai later this year

We’ve heard a fair amount of rumors recently suggesting that Apple has plans to open a research and development center in Shanghai, and yesterday, the news emerged that Apple is doing exactly that, opening an R&D center in Pudong, Shanghai. It seems that the Cupertino tech giant has registered three buildings, using their facilities for ‘procurement management and R&D’.

The center – which Apple aims to open by summer this year – is rumored to have been in the works for 6-7 years, and is now nearing completion, apparently only in need of a lick of paint and other interior decoration before being good to go. So, what’s the price for Apple’s decision? Well, the annual rent for the place is estimated at $8 million, but it should be worth it, since China is Apple’s “second largest region,”, and has already been named as an area to focus on for future growth, hence the rumors for cheaper iPhones for Chinese markets.

 

Via: Apple Insider

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