Apple Inc. (AAPL) to Open Wangfujing Street Retail Store, Third Store in Beijing

Apple retail Wangfujing

Apple retail Wangfujing

Early last week, reports of Apple Inc. (AAPL) opening a third store in Beijing were published, with photos from chinese site MicGadget showing the entrance of the new store under construction. On Sunday, Apple confirmed that they are going to open the third store in Beijing, located on the iconic Wangfujing Street. The Cupertino, Calif., company confirmed that the store is scheduled to open at 10am this Saturday, as with all other Apple grand openings.

China is a major market for AAPL, as the company has experienced massive growth in numerous Asian nations including China. Apple CEO Tim Cook reiterated numerous times in past earnings calls that China is very important to Appleā€™s growth worldwide. According to 9to5Mac, Apple is also planning to open a massive data center in Hong Kong during the first quarter of 2013, allowing the company to expand and integrate more into the country and support its international users.

By opening the new store, Apple is looking at growth in sales, as the company receives a large part of its revenue from China, Japan and other Asian nations. During the grand opening, Apple typically gives out free commemorative t-shirts to the first 10,000 visitors and has even given out goody bags in its retail stores in China, consisting of gift cards, iPod Shuffles, and even iPads.

{Via 9to5Mac — Image Credit: MicGadget}


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