Apple intensifies research initiatives in China amid declining market position
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Apple plans to amplify its research initiatives in China, as announced by CEO Tim Cook during his trip to the nation. In a dialog with Commerce Minister Wang Wentao, Cook outlined the company's strategy to augment resources for practical research in Shanghai. The objective is to fortify Apple's foothold in sectors like supply chain management, R&D, and retail. China plays a critical role in Apple's business. The latest move comes as the company witnesses sales drop and increased market competition.