Apple lessened its budget for retail store supplies like pens and papers by 30% and reduced costs for employee trainings.
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Analysts said that launching a mid-range iPhone would allow Apple to get the interest of the Chinese market and increase it revenue.
Google's Motorola Mobility launched the Moto X smartphone to revive the business.
Apple was seeking US president and trade representative's reprieve regarding the import ban for iPhone 4 and iPad 2 in the US.
Reuters said that Apple CEO Tim Cook and China Mobile chairman Xi Guohua recently met to talk about "matters of cooperation."
Apple became the world’s most valuable company once more Thursday.
Apple's newest acquisition hinted a step toward the possibility of wearable gadgets hitting the market soon.
According to reports from Reuters and Bloomberg, Tim Cook made the rounds in China as Apple looked for ventures in the local market.
According to local reports, Foxconn looked for over 90,000 new employees for the iPhone 5S release
Google and IPSOS' research showed that less than half of Chinese urban dwellers had smartphones.
The new Moto X from Google's Motorola posed a potential threat to the Apple-Samsung duopoly in the smartphone market.
According to a Wall Street Journal report, Apple will be sourcing high resolution screens from competitor Samsung.
Google's app strategy to beat Apple seemed to be working now and held potential to stll work in the long-term.
The recently-held talks between Apple and China Mobile could benefit both companies.
Apple's "pinch to zoom" patent was rejected, again, by the USPTO.
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