Apple China Stories February 16

AAPL: 96.64

2.65
Stock Chart

Industrial and Commercial Bank of China (ICBC) has confirmed earlier reports that Apple Pay would launch in China this week, social media posts stating that its service will go live on Thursday 18 February. A further 18 lenders are signed up to the service, Reuters reporting that two of them – China Guangfa Bank Co and China Construction Bank Corp – will launch on the same day as ICBC.

Apple has been working on bringing its mobile payment service to China for some time, creating a Shanghai-based company to manage the rollout back in September of last year, with this month long rumored to be the target launch date. China will be the fifth country to go live, after the USA, UK, Canada and Australia.

As Reuters notes, however, Apple may face something of an uphill battle in signing up users in China …

expand full story

Apple China Stories January 25

AAPL: 99.44

-1.98
Stock Chart

At its current rate of expansion, Apple could conceivably hit its October goal of 40 retail stores in China within a couple of months. The company has just announced that its 33rd Apple Store in China will open on 31st January, making it the fifth new store in the country in one month …  expand full story

Apple China Stories November 23, 2015

AAPL: 117.75

-1.55
Stock Chart

Apple is making good progress with its aim of having 40 retail stores open in China by next October, announcing that the 27th store will be opening on Saturday in the Chaoyang Joy City shopping mall, Beijing. It will be the fifth Apple Store to open in China’s capital city.

Apple has doubled its year-on-year revenue from China for two quarters running, with the country already representing a larger market than Europe and on track to become a bigger one that the USA …  expand full story

9to5toys 

Apple China Stories October 29, 2015

AAPL: 120.53

1.26
Stock Chart

The old world was a simple one. Apple needed two things to succeed: a well-off market willing to pay a premium price for its products, and a low-cost manufacturing base to build them. The U.S. and Europe provided the former, China the latter.

The idea that China could become Apple’s biggest market in less than a decade would have seemed unimaginable back when the first iPhone went on sale in 2007. It now looks inevitable.

Let’s run the numbers …  expand full story

Apple China Stories October 22, 2015

AAPL: 115.50

1.74
Stock Chart

Apple CEO Tim Cook, who is currently visiting China, has told the official Xinhua news agency that nothing has changed Apple’s view of the country.

I know some people are worried about the economy. We’ll continue to invest. China is a superb place to be. Nothing has changed that … 

expand full story

Apple China Stories September 29, 2015

AAPL: 109.06

-3.38
Stock Chart

With Apple having announced all-time record iPhone sales, you might have expected analysts and investors to be impressed, and to see the AAPL share price rise as a result. Instead, the stock is actually down a little – so what gives?

The answer, like the one to so many questions today, is: China. This is the first iPhone launch where mainland China, and not just Hong Kong, has been included from day one. This means the opening weekend sales of 13M versus 10M last year aren’t like-for-like.

Apple hasn’t revealed what percentage of iPhone sales were made in China, but we can do some back-of-an-envelope sums to get a rough idea …  expand full story

9to5google 

Submit a Tip

cancel

Submitting a tip constitutes permission to publish and syndicate. Please view our tips policy or see all contact options.

Powered by WordPress.com VIP