According to Japan’s Prime Minister Abe Shinzo, Apple Inc. (NASDAQ:AAPL) is planning to announce cutting-edge research and development center soon.
A growing interest in research
The exact details regarding the new research facility is still unknown. Since Apple’s profits have grown tremendously, so has its cost of research and development. It totals about $6 billion in the company’s fiscal year. During a 10k filing with the United States Securities and Exchange Commissions, Apple explained, “The Company continues to believe that focused investments in R&D are critical to its future growth and competition in the marketplace and are directly related to timely development of new and enhanced products that are central to the Company’s core business strategy. As such, the Company expects to make further investments in R&D to remain competitive.”
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In the past few months, Apple Inc. (NASDAQ:AAPL) has expanded its presence in research and development on a global level. Last month, there was a report Apple would launch R & D centers in the United Kingdom and Shanghai as well as two offices in Israel.
Apple confirms plans to expand
Apple confirmed the report with the following message, “We’re excited to expand our operations in Japan with a new Technical Development Center in Yokohama which will create dozens of new jobs. These new positions join our many employees in Japan, including eight retail stores. We are proud of our history here and we thank our many customers for their support over the 30 years Apple has been doing business in Japan.”
Apple Inc. (NASDAQ:AAPL) is one of the few tech companies that has really been able to transform the tech industry with products consumers want. The iPhone transformed the phone industry and inspired other tech companies to create similar products although only a handful of Android-based phones have been able to keep up. The company’s iPad tablets have also revolutionized the computer industry. Apple now hopes to transform the wearables market with Apple Watch.