Printed from http://www.electronista.com

CFO Oppenheimer sees no limit to Apple sales in China

updated 03:32 pm EDT, Fri August 17, 2012

Company 'very excited' about Chinese retail expansion

Apple CFO Peter Oppenheimer on Thursday told analysts that the company sees no ceiling on growth in China, according to ISI Group analyst Brian Marshall, who participated in a conference call. Oppenheimer also remarked that he was "very excited" about the possibilities of Apple Store expansion in China, noting that Apple will be adding more outlets in Beijing, Shanghai, and several cities in which the company has yet to establish a foothold. With the exception of a shop in Hong Kong, all of Apple's current stores are split between Beijing and Shanghai.

Job listings have already appeared for stores in Shenzhen and Chengdu, and a mall in Dalian recently put up signage claiming that the world's biggest Apple Store will open there. China is an extremely important market to Apple; the country already represents about 16 percent of sales despite being relatively untapped. While much of China is too poor to buy Apple's products, burgeoning middle and upper classes have proven willing to spend money on things like iPhones and iPads.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Cat B100

Cat is primarily known for its heavy-duty machinery used in the construction industry and farming, among other areas. What may not be ...

Linksys EA6900 AC Router

As AC networking begins to makes its way into more and more devices you may find yourself considering an upgrade for your home network ...

D-Link DIR-510L 802.11AC travel router

Having Internet access in hotels and other similar locations used to be a miasma of connectivity issues. If Wi-Fi was available, it wa ...

Sponsor

toggle

Most Commented

 
toggle

Popular News