Apple is going to build the first research center in the Asia-Pacific region. It will be located in China.
CEO Tim Cook promised to increase investment in China, which should help the company to stop the decline in sales. Research center is to be built by the end of 2016.

Apple latest investment shows how the company can diversify its business amid falling sales of smartphones. In Cupertino have focused on the rapid growth of its revenue from services such as Apple Music and mobile payments company Apple Pay.