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Old Feb 25, 2010, 02:21 PM   #1
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Apple Planning to Open 25 Retail Stores in China






Apple is currently conducting its annual shareholders meeting on the company's campus in Cupertino, California, and while attendees were not permitted to bring communication devices into the meeting, Fortune is gathering reports from those in attendance who were able to get details out. Apple CEO Steve Jobs is in attendance and reportedly answering the majority of questions from shareholders after missing last year's meeting due to health issues related to a liver transplant.

In addition to expected agenda items such as re-election of members of Apple's Board of Directors and discussion of environmental and sustainability issues that have become a staple of Apple shareholder meetings, one brief item of interest coming out of the meeting is that Apple senior vice president of retail Ron Johnson noted that company is planning to open 25 retail stores in China. The timeframe for the store opening of these stores is currently unknown, although more details may be forthcoming.

Apple opened its first Chinese retail store in Beijing in July 2008 ahead of the Olympic Games, and Johnson noted at the time that it was the "first of many" stores the company was planning to open there. A year and half later, however, that location remains Apple's sole Chinese retail store. Plans for a second store in Beijing surfaced in mid-2009, but the project has been put on hold, although Apple Chief Operating Officer Tim Cook briefly noted during his comments at a Goldman Sachs conference earlier this week that a store will be opening in Shanghai by this summer.

Article Link: Apple Planning to Open 25 Retail Stores in China

Last edited by WildCowboy; Feb 25, 2010 at 03:00 PM.
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Old Feb 25, 2010, 02:24 PM   #2
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Hope they open one in Hong Kong real soon!
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Old Feb 25, 2010, 02:26 PM   #3
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Big market!!!

Go AAPL GO!
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Old Feb 25, 2010, 02:26 PM   #4
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Build to order will surly be factory fresh!

That is pretty cool.

What does a Macbook cost in China?
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Old Feb 25, 2010, 02:28 PM   #5
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Will each store have shelves of pirated software? Perhaps they will not be actual Apple stores, but Apple-store knockoffs.
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Old Feb 25, 2010, 02:29 PM   #6
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Hope they open one in Hong Kong real soon!

Will a Taipei store count as one of the 25?
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Old Feb 25, 2010, 02:30 PM   #7
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Build to order will surly be factory fresh!
Factory fresh? I was thinking build to order...while you wait!
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Old Feb 25, 2010, 02:36 PM   #8
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What does a Macbook cost in China?
from apple.com.cn:

White MacBook 7,998 RMB = $1,171USD
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Old Feb 25, 2010, 02:36 PM   #9
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AAPL $275 here we come.
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Old Feb 25, 2010, 02:41 PM   #10
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no chance to be in Hong Kong cuz the rent there too expensive
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Old Feb 25, 2010, 02:45 PM   #11
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25 stores is huge.

surprised Steve is actually letting his presence be there in the same room as investors. from that article link..sounds like Steve had fun.
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Old Feb 25, 2010, 02:48 PM   #12
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no chance to be in Hong Kong cuz the rent there too expensive
If they can afford to open an Apple Store in Tokyo, they can handle the Hong Kong commercial real estate market.
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Old Feb 25, 2010, 02:51 PM   #13
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That store in the picture looks incredible. More stores like that please.
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Old Feb 25, 2010, 02:58 PM   #14
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25 stores is huge.
Its probably the number you would expect, there are over 50 cities in China with over 1 million inhabitants.

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no chance to be in Hong Kong cuz the rent there too expensive
You could say that about London...
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Old Feb 25, 2010, 02:59 PM   #15
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no chance to be in Hong Kong cuz the rent there too expensive
That's ridiculous. They have a huge store on Fifth Ave in NYC.
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Old Feb 25, 2010, 03:00 PM   #16
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Nothing surprising, but to be welcomed. The potential market from China's growing nouveau riche, & yet others with both money & good taste , suggests these 25 Apple stores will be followed by many more in future.
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Old Feb 25, 2010, 03:20 PM   #17
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As the economist Peter Schiff has repeatedly stated, once China stops borrowing billions of dollars to us so that we can buy the products they make, and starts keeping it to themselves so their own citizens can actually buy their own products , we are hosed. But hey, they deserve to use the stuff they are actually making over there!
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Old Feb 25, 2010, 03:24 PM   #18
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One in Hong Kong PLEASE!

Im still waiting for an Apple store here in Hong Kong......

From all the other places that they have built an Apple store, I just don't understand why wouldn't they build one there....... Its one of the most important cities in the world.
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Old Feb 25, 2010, 03:42 PM   #19
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Will a Taipei store count as one of the 25?
I hope they build an Apple Store in Taipei, but at the same time, I'd rather it not be one of the 25.
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Old Feb 25, 2010, 04:43 PM   #20
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That store in the picture looks incredible. More stores like that please.
So that you can say I bought my overpriced PC in a "cool" looking store?
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Old Feb 25, 2010, 05:13 PM   #21
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Im thinking apple can handle a little rent payment from one store... lol it's not like they don't have any extra cash lying around.
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Old Feb 25, 2010, 05:33 PM   #22
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Peter Schiff is a wise man, but ....

There's also the whole sentiment about "a rising tide lifts all boats" to consider here. The USA is already shooting itself in the proverbial feet by borrowing so much money. We're setting ourselves up for hyper-inflation and a massive economic crash. So THAT is where I see us being "hosed", really ... not directly because the Chinese would reach a stage where their average citizens are able to buy and use the products they produce for others.

In the *long* run, I think it might turn out to be a good thing for the USA if the rest of the world makes strides towards their people rising to the standard of living we've enjoyed, vs. the current situation which seems to be all about the typical U.S. citizen accepting a LOWERED standard of living, so the nation can be "more like the rest of the world".


Quote:
Originally Posted by hypermog View Post
As the economist Peter Schiff has repeatedly stated, once China stops borrowing billions of dollars to us so that we can buy the products they make, and starts keeping it to themselves so their own citizens can actually buy their own products , we are hosed. But hey, they deserve to use the stuff they are actually making over there!
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Old Feb 25, 2010, 05:39 PM   #23
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Did CNBC's Jim Goldman say $40 Billion in cash?

that's more than M$

... or is Bloomberg wrong at stating $25B ?
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Old Feb 25, 2010, 05:45 PM   #24
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The Chinese may be on low wages, but they're great savers and know how to spend big on the latest gear. Great move by Apple.
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Old Feb 25, 2010, 05:50 PM   #25
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no chance to be in Hong Kong cuz the rent there too expensive
Pfft, they have a giant store in the middle of Sydney. They can afford one in Hong Kong.
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