Apple to step up investments in China, create more jobs – Tim Cook

No worries on the Slowdown in China’s Economy Apple will continue to invest aggressively to create more jobs in the world’s second largest economy:-

  • Cook recently joined the Paulson Institute’s CEO Council of Sustainable Urbanisation and is in Beijing for a meeting of the institute tomorrow.
  • In an an exclusive interview with state-run Chinese news agency Xinhua, Cook said Apple will continue to invest while some people are worried about the current economy.
  • “China is a superb place to be. Nothing has changed that,” he added.
  • Apple will open its 25th Apple Store in greater China this weekend, closing the gap on the eventual goal of 40 stores by mid-2016.
  • Cook’s visit coincides with China’s first mass entrepreneurship and innovation week, which kicked off on Monday in eight cities including Beijing, Shanghai, and Shenzhen.
  • Currently there are 1.5 million developers in China working on iOS-related projects.
  • The number of paid iOS app developers increased by 56 per cent last year. iOS-based project development has facilitated the creation of 1.4 million jobs, almost half of the 4.4 million jobs Apple has created in China.