Apple Announces Plans for R&D Center in Beijing

(Beijing) — Apple plans to build its first China research and development facility in Beijing to help secure its market share in the world's second-largest economy as iPhone sales fall and the company faces stiff competition from domestic brands.

Apple plans to invest 300 million yuan ($45 million) in the Chinese R&D center, which will have 500 employees, Zhongguancun Science Park said Tuesday on its official WeChat account.