Asia Stories February 8, 2016
Asia Stories November 5, 2015
Apple opens subsidiary company for direct distribution in its fastest-growing iPhone market
Apple has opened a subsidiary company in Vietnam, its fastest-growing iPhone market, reports Reuters.
Apple Vietnam Limited Liability was established on Oct. 28 with a registered capital of 15 billion dong ($672,194), according to a news announcement recorded on Vietnam’s national business registry website.
The company will ‘conduct wholesale business,’ read: directly import and distribute iPhones within the country. Apple tripled its sales in Vietnam in the first half of last year – a higher growth rate than in either China or India, though of course among a far smaller population.
Asia Stories October 26, 2015
Pure Fitness has sent an email to its customers reporting that its branch at 170 Orchard Road in Singapore will be closing at the end of the year to make way for a new Apple Store set to open in late 2016, reports TechInAsia.
Pure and other tenants will be handing back space to make way for the opening of a new Apple store in late 2016.
It made the same statement in a later press release. While this is an unconfirmed report, the location would make sense … expand full story
Asia Stories June 1, 2015
Jay Blahnik, one of the lead directors behind the health and fitness functionality in iOS 8 and the Apple Watch, is continuing to host events at Apple Stores. At the end of April, Blahnik held an interview with Christy Turlington Burns at an Apple Store in the United Kingdom, and now Blahnik is making his way to Australia and Asia. Late last week, Blahnik held a Q/A session in Australia with personal trainer Michelle Bridges. Here are videos of Blahnik discussing the importance of walking along with other health tips with Bridges:
Asia Stories March 17, 2015
China’s gold consumption suggests Apple Watch Edition is aimed at China, says Om Malik
There is a love affair between the Chinese and gold jewelry. The gold consumption in that country is going through the roof. (In 2014, the worldwide consumption of gold fell and yet, China demand still stayed strong.) […]
Some believe that the Apple Watch Edition (the expensive kind) will find more takers in China than anywhere else in the world.
China is of course a huge market for Apple, the company’s revenues there rising from $12.7B in 2011 to almost $30B last year. Year-on-year revenue growth in China was 17% last year, more than double the growth in Europe and four times that of the Americas.
Apple last year announced plans to increase the number of Apple Stores in China from 15 to 40 in two years, six of them since opened. Retail head Angela Ahrendts listed an emphasis on the country as one of her three key goals.
Asia Stories February 2, 2015
Apple is preparing three major new Apple Stores for New York, with two of the stores reaching major new markets for the first time. Apple is developing the first stores for the boroughs of Queens and Brooklyn, while a new store for the Upper East Side of Manhattan on 74th Street and Madison is also in development, according to sources.
The first Apple Store for Queens will be located in the Queens Center Mall on the second floor. One source says this store will be the largest Apple retail outlet located in a New York mall to date, and Apple is expecting revenues for this store to even beat out some of its flagship counterparts located elsewhere in the state. The store is under construction and is expected to open later in 2015, but an official announcement may come sooner…