Apple are looking to expand their retail arm prowess in China, with the third store in Beijing opening this week. Apple will also open up a sixth store in China on Saturday, on the historic Wangfujing Street.
Wangfujing has over 100 years of history and has been labeled in the some in China as "China's No. 1 street". Apple's first retail store in China opened up in Beijing in the busy Sanlitun area of the city. A second store was opened in 2010 on the west side of town in Xidan. Earlier this year CEO Tim Cook was spotted in the Xidan Joy City store during a business trip in Beijing.
China has over 1.3 billion residents, so it would make perfect sense to start ramping up their retail presence in the country. Apple had actually planned on opening 25 stores in China by the end of 2012, but this has been more difficult than expected for the Cupertino-based iDevice maker.
Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.