Nov 07

Apple already released a press release some time ago, saying that the iPhone 4S launch is the most successful launch so far and the launch of the iPhone 4S in Hong Kong confirms that. “Apple began taking reservations for its iPhone 4S in Hong Kong and 14 additional countries this past Friday, but pre-orders sold out in ten minutes”, which is pretty impressive since Siri does not speak yet Mandarin or Cantonese. “Due to low taxes, Hong Kong and Shanghai (where Apple operates beautiful stores) are among the best places to buy Apple gear”.

Ticonderogas Brian White, “who has been keeping as close tabs on Apples (AAPL) prospects in China as any Western analyst” has long maintained that Greater China — which Apple defines as Hong Kong, mainland China and Taiwan — represents the companys single greatest opportunity for growth. He notes that last quarter, Apple generated $4.5 billion in revenue (up 270% year over year) from Greater China — 16% of total sales compared with 2% in fiscal 2009.

With the Apple Store that opened in Hong Kong in September and the opening of Shanghais third retail outlet, the company now has a total of six stores in the region. It has set aside another $900 million to build 40 new stores in fiscal 2012, three quarters of them outside the U.S.

Source [9to5mac & cnn]

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