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Hong Kong Gets Apple Store Debut Later This Year

In 2008 China opened its first Apple Inc. store. They now have a store in four different locations across the country, two in Shanghai and two in Beijing, each getting around 40,000 customer visits per day. This year Apple plan on opening another 20 stores in China and Hong Kong will get their first.

The city’s first outlet will be a 15,000 square foot located in Central at the IFC Mall. Apple also plan on opening a second store in Hong Kong which they are hoping will be opened by the third quarter of next year. This one will be bigger at 20,000 square foot, situated at Causeway Beach in Hysan Place.

The stores will together cost no less than $40 million. According to Tuaw, Apple will spend $9.2 million on rent a year and approximately $20 million to construct the store in the IFC Mall. This is having already gained the retail space on a 10 year lease. The stores are designed similar to the ones in other high profile cities Paris and London.

Apple currently have 323 stores around the world and with such traffic at the China ones, four times what the average store in the U.S gets, Macnn say they are top of the list for sales per store.

What do you think of Apple’s expansion? Do you think the money being spent on the stores in china could be put to better use for Apple? Let us know your thoughts.

Written by Chris Cook

Chris enjoys reading most types of news, which includes gaming for the PS3, Xbox 360, and other popular gaming devices. His passion for sports, music, and the latest technology is shown in the news he reports. While the Internet keeps everyone connected, Chris has a keen interest to view the world first hand. This aim is made more possible thanks to being able to report news online from anywhere in the world.

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Laughing_Boy48

Putting retail stores in China may not pay off immediately, but I think it's a good thing to get the Chinese to recognize the power of Apple's branding. Let the younger generation grow up with Apple products available and in five or six years, that's what they'll be familiar with and likely purchase. Let the Chinese consumer become comfortable with seeing the Apple logo and instilling upon them that it's a trustworthy brand.

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