Apple Planning to Open 25 Retail Stores in China

Discussion in 'MacRumors.com News Discussion' started by MacRumors, Feb 25, 2010.

  1. macrumors bot

    MacRumors

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    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
     
  2. macrumors regular

    zeasar

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    #2
    Hope they open one in Hong Kong real soon!
     
  3. macrumors 68040

    Grimace

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    #3
    Big market!!!

    Go AAPL GO!
     
  4. macrumors 6502a

    SteveSparks

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    #4
    Build to order will surly be factory fresh!

    That is pretty cool.

    What does a Macbook cost in China?
     
  5. macrumors 68040

    Gasu E.

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    #5
    Will each store have shelves of pirated software? Perhaps they will not be actual Apple stores, but Apple-store knockoffs. :D
     
  6. macrumors 68040

    Gasu E.

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    Will a Taipei store count as one of the 25?
     
  7. macrumors 601

    Eddyisgreat

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    #7
    Factory fresh? I was thinking build to order...while you wait!
     
  8. macrumors 6502a

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    #8
    from apple.com.cn:

    White MacBook 7,998 RMB = $1,171USD
     
  9. macrumors 6502a

    Friscohoya

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    #9
    AAPL $275 here we come.
     
  10. macrumors regular

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    #10
    no chance to be in Hong Kong cuz the rent there too expensive
     
  11. macrumors 68000

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    #11
    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.
     
  12. macrumors 68040

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    #12
    If they can afford to open an Apple Store in Tokyo, they can handle the Hong Kong commercial real estate market.
     
  13. macrumors 65816

    talkingfuture

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    #13
    That store in the picture looks incredible. More stores like that please.
     
  14. macrumors G4

    Eraserhead

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    #14
    Its probably the number you would expect, there are over 50 cities in China with over 1 million inhabitants.

    You could say that about London...
     
  15. macrumors 6502a

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    #15
    That's ridiculous. They have a huge store on Fifth Ave in NYC.
     
  16. macrumors 6502a

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    #16
    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.
     
  17. macrumors regular

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    #17
    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!
     
  18. macrumors regular

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    #18
    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.
    :confused:
     
  19. macrumors 6502a

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    #19
    I hope they build an Apple Store in Taipei, but at the same time, I'd rather it not be one of the 25.
     
  20. macrumors 6502

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    #20
    So that you can say I bought my overpriced PC in a "cool" looking store?
     
  21. sfh
    macrumors regular

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    #21
    rent

    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.
     
  22. macrumors 68000

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    #22
    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".


     
  23. macrumors 6502a

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    #23
    Did CNBC's Jim Goldman say $40 Billion in cash?

    that's more than M$ :eek:

    ... or is Bloomberg wrong at stating $25B ?
     
  24. macrumors 68020

    niuniu

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    #24
    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.
     
  25. macrumors G4

    Chundles

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    #25
    Pfft, they have a giant store in the middle of Sydney. They can afford one in Hong Kong.
     

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