New Shanghai store represents Apple's push for traction in China
Apple over the weekend opened its second retail store in China, signifying that the Cupertino, Calif., company is prepared to step up its expansion into the nation.
J.P. Morgan on Monday issued a note to investors, in which analyst Mark Moskowitz said Apple's growing retail presence in Asia will drive sales of Macs, iPhones and iPads.
"Over time, we expect multiple Apple retail stores in China and elsewhere internationally, and this increasing retail footprint should sustain the synergistic effects of multiple Apple stores in a region," Moskowitz wrote.
Earlier this year, Apple revealed that it intends to open 25 new stores in China. The company has also said it is more focused on building the Apple brand in China than achieving strong sales right off the bat.
Moskowitz sees positives from Apple's approach, as he believes there is a greater potential revenue from China as more retail stores open in the next few years. He sees the retail expansion as a positive, "as Apple has not had much traction in China to date."
In fact, he sees Apple's retail presence growing elsewhere in the world, with similar results. Moskowitz sees Apple increasing its stores not only in China, but also in Western Europe, Japan and Australia.
The opening of the flagship store in Shanghai over the weekend was a major event, with hundreds of customers waiting outside for the doors to open. The entrance to the underground store is a massive cylindrical glass structure that encases the stairs that lead below.
Over the weekend, AppleInsider reader David Mallin of Cloudchaser Films was at the Shanghai store opening, and sent in photos he snapped from the event.
J.P. Morgan on Monday issued a note to investors, in which analyst Mark Moskowitz said Apple's growing retail presence in Asia will drive sales of Macs, iPhones and iPads.
"Over time, we expect multiple Apple retail stores in China and elsewhere internationally, and this increasing retail footprint should sustain the synergistic effects of multiple Apple stores in a region," Moskowitz wrote.
Earlier this year, Apple revealed that it intends to open 25 new stores in China. The company has also said it is more focused on building the Apple brand in China than achieving strong sales right off the bat.
Moskowitz sees positives from Apple's approach, as he believes there is a greater potential revenue from China as more retail stores open in the next few years. He sees the retail expansion as a positive, "as Apple has not had much traction in China to date."
In fact, he sees Apple's retail presence growing elsewhere in the world, with similar results. Moskowitz sees Apple increasing its stores not only in China, but also in Western Europe, Japan and Australia.
The opening of the flagship store in Shanghai over the weekend was a major event, with hundreds of customers waiting outside for the doors to open. The entrance to the underground store is a massive cylindrical glass structure that encases the stairs that lead below.
Over the weekend, AppleInsider reader David Mallin of Cloudchaser Films was at the Shanghai store opening, and sent in photos he snapped from the event.
Comments
Pretty stores do not a reliable product make...
They don't pretty up their stores to make their products seem more appealing, they make shopping for the product more appealing.
Also, talking like that is so lame
They don't pretty up their stores to make their products seem more appealing, they make shopping for the product more appealing.
Also, talking like that is so lame
Talking like Yoda he is.
Talking like Yoda he is.
Careful... Your Ignorance is Showing
Careful... Your Ignorance is Showing
you mean
Showing, your ignorance is.
I would like the wood tables to be more of a cherry color with deep maroon colored carpeting. The current colors looks a little cold.
Like Apple's standard stark white, bare aluminum, and boring black don't look 'cold' to begin with...
you mean
Showing, your ignorance is.
Suggestion: Read A Book.
Note: There are a wealth of 'classics' available via the iBooks store...
Pretty stores do not a reliable product make...
And an extra tee-shirt, in a plastic bag, does not a wardrobe make.
Yes the iPhone 4 is the first recent product with issues, but folks won't keep following Apple blindly, just because it is Apple. We all work very hard for the money we spend on Apple products, and we expect to get great products for our money.
What's the old saying, a bad customer will tell 8 others, who will tell 8 more?, but a happy customer will tell 1 or 2. So Apple, there are a lot of folks hearing the bad about the iPhone right now. And don't forget, these are some of the same folks, you will be trying to convince to put down some MORE hard earned cash, on an iPad or iTV or Laptop and any one of a number of Apple products.
Skip
Pretty stores do not a reliable product make...
Just ask Microsoft.
And it will all come tumbling down, if they don't start making the products as good as folks expect from to be.
Yes the iPhone 4 is the first recent product with issues, but folks won't keep following Apple blindly, just because it is Apple. We all work very hard for the money we spend on Apple products, and we expect to get great products for our money.
What's the old saying, a bad customer will tell 8 others, who will tell 8 more…, but a happy customer will tell 1 or 2. So Apple, there are a lot of folks hearing the bad about the iPhone right now. And don't forget, these are some of the same folks, you will be trying to convince to put down some MORE hard earned cash, on an iPad or iTV or Laptop and any one of a number of Apple products.
Skip
Oh stop it already. Is it really that difficult for people to not cover the 1 mm band on the lower left? Really?!? If you don't do that, it has the best reception of ANY phone. Even if you do, it won't drop or slow your reception unless you're in a low reception area to begin with.
So once again, what exactly is the problem? Are you so damn anal that you can see the forest for the trees?