Apple Inc. Set To Open 12th Retail Store In China

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Apple Inc. Set To Open 12th Retail Store In China
ElisaRiva / Pixabay

Apple Inc. (NASDAQ:AAPL) just announced it is set to open its twelfth retail store in China. The company officially announced the upcoming store on its official Chinese website.

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Details behind Apple’s upcoming store

The Apple store in  Wuxi Center 66 will officially open on August 2nd which is exactly one week after the company unveils the Chongqing store. The Wuxi location is predicted to be simple mall store complete with a Genius Bar, One on One, Joint Venture training, and workshops. The store hours will be from 10:00 am to 10:00 pm seven days a week.

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The growth in China’s market is key for Apple. In fact, the upcoming outlets in China are part of the plan to triple the company’s retail in East Asia plays an important role for company growth. Apple has a lot of interest in China thanks to the fast growth in technology. Earlier this week during a conference call, Apple claimed the company experienced an increase in revenues by 26% year over year.

The iPhone, in particular, is outperforming the overall Chinese mobile market by double. Shares for Mac computers grew 39% from last year. This all comes right after the first quarters of 2014, the same time Apple noticed China was its fastest growing market with a 21% revenue increase.

Samsung’s success in China slows down

Where Apple is succeeding, Samsung is faltering. When the Cupertino-based tech giant posted positive quarterly sales, its rival warned this quarter might decline by 25% thanks to an build-up of cheap phones and less demand for 3G devices. Apple has made a name for itself as a premium brand. Samsung never really pegged itself as a high-end or low-end brand as it sells products in nearly every price range. And that could be the one thing that is hurting Samsung the most in China right now.

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Anna Peel is a professional writer. In the past four years, she has written for many websites including BSC Kids, Wasabi Media Group, Boomtron, and many others. She currently live in Savannah, Georgia and occasionally blogs about fashion during her free time.
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2 COMMENTS

  1. Other than making mostly inferior devices, your comment below says it all. You can’t be all things to all people and make a name for yourself: It would be analogous to BMW, who owns Mini Cooper, to change the name to BMW. All it would do is hurt BMW’s image. Samsung has no image. They are a pile of everything not wanted. Kind of like graffiti on a wall in a ghetto.

    “Where Apple is succeeding, Samsung is faltering. When the Cupertino-based tech giant posted positive quarterly sales, its rival warned this quarter might decline by 25% thanks to an build-up of cheap phones and less demand for 3G devices. Apple has made a name for itself as a premium brand. Samsung never really pegged itself as a high-end or low-end brand as it sells products in nearly every price range. And that could be the one thing that is hurting Samsung the most in China right now.”

  2. Let’s start with Samsung so I can shout I TOLD YOU SO !!!! Furthermore; if Samsung is failing, where is the supposed demand for this Phablet phenomenon you all talk about. (Smoke and mirrors folks)
    Now let’s move on to AAPL’s new store……….Tell me how; if the Chinese government thinks AAPL is guilty of spying they would allow the store to open. It is a communist country where the Government owns all the land and leases as it deems fit. HMMMM….Smells like the spy story was a plant too.
    Fact is they are really Commu-capitalists and cannot bear the thought of not having AAPL. Especially when they spent a ton to upgrade their networks in anticipation of the China Mobile deal.
    They have not even begun to scratch the surface in China. Or the rest of Asia for that matter.

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