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 …
The new store will be open from 10am to 10pm daily, with a grand opening at 10am on the 28th November. It will bring the total number of Apple Stores in mainland China to 23, with a further four in Hong Kong.
The Chaoyang area is home to Beijing’s central business district, as well as the Olympic Park and many foreign embassies. Joy City is a large mall, with many international brands present.
Apple is also working to bring its commitment to clean energy to a country currently notorious for the pollution levels in major cities, with a number of new programs designed to help its suppliers become carbon neutral.
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I wonder when my Apple stock will start reflecting on all that success? Or, is Apple keeping the price low to buyback even larger blocks of its own stocks?
With the drop in share price I’d say their success in China is already reflected¡
Really, anything positive for Apple is seen as negative at Wall Street. Apple points to the moon, Wall St. looks at the finger.
And then there are the analysts. There has never been a statue erected to honour an analyst.
Always remember the solemn predictions of Apple is Doomed™ in China. Remember this the next time one of those analyst/pundit/blogger/hater/techie bozos pulls the next negative thing about Apple out of their asses.
+1.
And it’ll give DED a reason to rant on for 4 pages.