Apple Making Plans for First Two Retail Stores in Hong Kong
Bloomberg reports on an article from the South China Morning Post claiming that Apple is making plans for its first two retail stores in Hong Kong, with the first store set to open by the end of the year and a second one by the third quarter of 2012.
The company will open its first outlet in the city, a 15,000 square foot store at the IFC Mall in Central, by the end of the year, the report said. It is also building a 20,000 square foot shop in Hysan Place, Causeway Bay, which is expected to start operating by the third quarter of next year, according to the Morning Post.Apple has been placing a strong focus on its "Greater China" market, which includes Hong Kong and Taiwan, viewing the region's untapped potential as a major growth area for the company. Apple currently operates retail stores in eleven countries, with four stores located in China and many more planned for the region.