Wednesday, November 11, 2015
Apple to open its 20th store in China !!
As part of a huge push to own the Chinese market, Apple is opening up a new store in Hong Kong.
It will be located on Canton Road, which is known for shopping, on the Kowloon side of Hong Kong. The company has yet to announce an opening date, but work is already underway behind the barricade pictured above.
Apple currently has 19 stores in China, and the Hong Kong location will be its 20th in the country, though the first in that region. Shanghai, Beijing, Tianjin, Chengdu, Wuxi, Hangzhou, Shenyang, Shenzhen, Zhengzhou, and Chongqing already have at least one Apple store.
However, the island of Hong Kong has yet to be represented, despite being one of the more shopping-focused cities in China.
Apple has been heavily focused on building out its presence in China.
First quarter earnings in 2015 showed that China represented sales of $16.144 billion, which is an increase of 157 percent from the quarter before and 70 percent from the previous year. Retail is a huge part of that push, and a store in Hong Kong only makes sense.
Apple has no word on when the store will open, but you can likely expect to see more and more of a retail push in China as Apple continues to climb the charts in that market.
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