Apple Inc. (NASDAQ:AAPL) is set to build a new research and development center in Japan, a venture that is expected to create several dozen jobs in one of the company’s most profitable markets in the world. Apple’s plan was announced by Japan’s Prime Minister Abe Shinzo on Tuesday. Reuters reported that a London based spokesman for Apple divulged the location of the planned facility to be in Yokohama, outside of Tokyo. According to Jiji and Kyodo, two local news agencies, Prime Minister Abe noted without offering further details that the facility will be on equal footing with Apple’s largest research centers in Asia.
Abe announced Apple Inc. (NASDAQ:AAPL) in an election campaign speech outside of Tokyo, describing the project as a semblance of confidence on his economic revitalization program popularly known as “Abenomics”. Abe said in the campaign that “foreign companies have started investing in Japan”. Abe further noted that the upcoming investment from the tech giant is among the biggest in Asia, where Apple already operates research facilities in areas such as Taiwan and China.
Although Apple Inc. (NASDAQ:AAPL) has its main research facility in Cupertino, California, the company relies on its international satellite R&D units for the services of experts and specialists that are otherwise not within its reach. It opened its first international R&D center in Israel, and there are unconfirmed reports that the company may also open up an R&D facility in Cambridge. International research centers allow companies to leverage lower costs, including those associated with business operations and taxation.
Apple Inc. (NASDAQ:AAPL) said in a statement that it is looking forward with excitement towards further operations in Japan, thanking Japanese customers for supporting its 30 years of existence in the country. Apple’s iPhone currently enjoys a whopping 48 percent share in the Japanese smartphones market as per data released in October by research firm Kantar Group.
This article has been written by Nonito Guntan.