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Apple Inc on Sunday said that it has already recruited over 1,000 people in its four research and development centers in China, as part of the United States tech giant's broader push to better leverage local talents to grow its business.

Apple Inc has slashed the price of some its iPhone models by up to about 800 yuan (8) for its channel partners in China after the United States tech giant lowered its revenue forecast partly due to a weak performance in the country.

Apple is increasingly relying on its services arm to bolster its balance sheets as iPhone revenue continues to decline. The Apple credit card,? Apple TV+ streaming service and Apple Arcade game streaming service are all part of this push.

Apple — which launched its “app store” in July 2008 — has applied to register the “app store” trademark with the U.S. Patent and Trademark Office. Microsoft has opposed the application.

Apple CEO Tim Cook, Alphabet (parent company of Google) CEO Sundar Pichai, Amazon CEO Jeff Bezos and Facebook CEO Mark Zuckerberg were asked during a House Judiciary subcommittee investigating the practices of major US technology companies whether they believed the Chinese government was stealing intellectual property from American companies.