“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,” Lane reports. “‘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,” Lane reports. “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.'”
Read more in the full article, with many photos of Apple’s new Shanghai retail store, here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]