Apple Inc. (NASDAQ:AAPL) just opened a relocated retail store in Nanuet, New York. At the grand reopening, there was a line of customers waiting for the doors to open. When the store opened up at 10:00 am, Apple employees greeted customers and the first 1,000 customers received a free Apple tee shirt.
The new store is part of The Shops at Nanuet. The old store was originally located at Palisades.
Half Moon Capital Returns 12.2% In 2020 Despite Short Position Drag
Eric DeLamarter's Half Moon Capital produced a return of 8% net of fees in the fourth quarter of 2020, bringing the full-year return to 12.2%, according to a copy of its fourth-quarter letter, which ValueWalk has been able to review. The fund maintained an average net exposure of 45% during the period. Q4 2020 hedge Read More
Apple will open their first Turkey store early next year
Interesting enough, Apple Inc. (NASDAQ:AAPL) will open their first Turkey store early next year. The new store will be part of the Zorlu Center in Instabul. It will also measure over 20,000 square feet.
In other Apple Inc. (NASDAQ:AAPL) news, it appears the Cupertino-based tech giant made a deal with China Mobile Ltd. (NYSE:CHL) (HKG:0941) to allow the iPhone on their network. Bloomberg explained, “Apple Inc. (AAPL) wants to hire an engineer with extensive knowledge of China Mobile Ltd. (941)’s homegrown phone network, evidence it’s moving toward an agreement for the world’s largest carrier to offer the iPhone. The manager, who will be based in Beijing, will “support and drive the carrier approval of mobile phones,” Apple said in an advertisement on its China website. The position seeks experience with TD-SCDMA, China Mobile’s own third-generation standard that isn’t used by other carriers.”
Big things are coming for Apple
China Mobile Ltd. (NYSE:CHL) (HKG:0941) is one of the world’s largest carriers with 700 million customers. It was also the largest carrier Apple Inc. (NASDAQ:AAPL) had yet to reach an agreement with. The main reason behind this was that iPhones didn’t work on the China Mobile network, as they used TD-SCMDA, and iPhones don’t have the chips that were required to get in the network standards. Fortunately, that has changed and Apple has now been approved for their TD-SCMDA smartphones.
Apple Inc. (NASDAQ:AAPL)’s deal with China Mobile Ltd. (NYSE:CHL) (HKG:0941) should help propel the company further in competition. Big things are coming for Apple.