Apple not aiming for specific China market share: Cook

Tim Cook's comments come after Apple on Friday revealed plans to set up two more research centers

Apple Inc doesn’t have a specific goal for market share in China, where it faces the fiercest local competition anywhere, Chief Executive Officer Tim Cook said.

China has unique characteristics, in that its mobile payment market is well ahead of the US and local consumers have a greater willingness to change habits, Cook said at a panel discussion at the China Development Forum in Beijing. He added that Apple’s new research and development centers in the country should help the company reach China’s university community.

Cook’s comments come after Apple on Friday revealed plans to set up two more research centers, on