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Apple is planning on more than doubling its number of retail stores
in Greater China from 15 to 40 over the next two years, CEO Tim Cook
announced while on a trip to the country Thursday. Cook also said that
China, which has been slower to accept products like the iPhone and iPad
than Western countries, will “become Apple's biggest revenue
contributor.”
The Cupertino, California-based company opened its first Chinese retail store in Beijing in 2008, since expanding with outlets in Shanghai, Chengdu, Chongqing, Wuxi, Shenzen and Hong Kong, as well as other stores in Beijing. Hong Kong and Taiwan are also included in Greater China, which contributed to 14 percent of Apple revenue ($5.8 billion) in the three months ending on Sept. 27, according to Bloomberg.
“It's just a matter of time” before China generates more revenue than other nations, Cook said Thursday. His remarks were first published and translated by Sina Corp., a Chinese media outlet. Chief Financial Officer Luca Maestri also said earlier month that demand in the country of nearly 1.4 billion people has “been really off the charts.”
While overseas Cook also met with Chinese Vice Premier Ma Kai to discuss increased security around user data and visited a Foxconn technology plant where the iPhone 6 is made in Zhengzhou, located in northern central China.
The Cupertino, California-based company opened its first Chinese retail store in Beijing in 2008, since expanding with outlets in Shanghai, Chengdu, Chongqing, Wuxi, Shenzen and Hong Kong, as well as other stores in Beijing. Hong Kong and Taiwan are also included in Greater China, which contributed to 14 percent of Apple revenue ($5.8 billion) in the three months ending on Sept. 27, according to Bloomberg.
“It's just a matter of time” before China generates more revenue than other nations, Cook said Thursday. His remarks were first published and translated by Sina Corp., a Chinese media outlet. Chief Financial Officer Luca Maestri also said earlier month that demand in the country of nearly 1.4 billion people has “been really off the charts.”
While overseas Cook also met with Chinese Vice Premier Ma Kai to discuss increased security around user data and visited a Foxconn technology plant where the iPhone 6 is made in Zhengzhou, located in northern central China.
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