Apple’s CEO Tim Cook has announced that the company will be building 25 more Apple Stores in China over the next two years, the company currently has 15 Apple Store in the country.
The news was announced on a recent visit to China by Tim Cook, where he met with China’s Vice Minister Ma Kai to discuss the ‘protection of users’ information.
At the moment around 15 percent of Apple’s overall revenue comes from China, the country has massive potential for Apple in terms of increasing their revenue, and the additional 25 Apple Stores should help Apple increase their revenue from China.
“We’re investing like crazy in the market,” Cook said on the call. “When I look at China, I see an enormous market where there are more people graduating into the middle class than any nation on Earth in history.”
Apple’s latest financial results were announced recently, the company reported record revenue for the last financial quarter, they also announced record iPhone sales.
Sales of Apple’s iPad were down slightly, although this is expected to change with the launch of the new iPad Air 2 and iPad Mini 3 which launched yesterday, and expanding their retail stores in China could also help the company gain more iPad sales.