According to several web sources, Apple, the world-famous tech giant, is currently looking for the ways and means to expand its developer teams in China (in Shanghai and Taibei). They say the expansion may take place mainly at the expense of major Asian companies like HTC, Quanta and Inventec. In 2013 alone, the amount of Apple employees in China increased up to 600.
The new employees are expected to deal with a wide range of topics including hardware and software development.
At the same time, experts say that Apple's decision to expand its presence in China and other Asian countries is caused by the desire to expand the range of products, especially in the mobile sector.
It should be noted that Apple is currently lagging behind the companies manufacturing Android-powered mobile devices. Therefore, Apple is set to change the situation. In particular, last year Apple introduced 2 version of iPhone at a time, thereby breaking its own tendency. This is seen as a sing of Apple's ambitious goals to expand its presence in the mobile industry (and emerging markets in particular).
Meanwhile, Apple's stock has retraced from the recent rally and is trying to start recovering. At this point, the price is somewhere around $527-528 per share. The chart below, courtesy of Masterforex-V Academy, reflects the current state of affairs in the market of AAPL:
