First opening of Apple’s store in Hong Kong

Apple Inc. has opened its very first store in Hong Kong on Saturday, September 24, 2011.

The store is located in Hong Kong’s International Financial Center Mall and marked by a glass spiral staircase with a view of Victoria Harbor. According to reports, some people remain there for two days to become the first people inside the store.

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Apple has now total of six stores in the country with one in Shanghai, opened on Thursday, and two in Beijing.

Apple has become very much popular in China, where the products of Apple are considered as the Status symbol and according to analysts, this opening is a part of effort to earn massive revenues from the world’s most populated country and one of the best economies. According to CEO, Tim Cook, in a July earnings call, “Sales in China increased six fold in the last year.”

Tim Cook further said that China helped Apple a lot in generated a handsome amount of revenue i.e. about $3.8 billion in the third quarter and it is one of the 40 Apple stores which the company plans to open this financial year; 28 of those stores will be outside of the U.S.

It is considered as the most expensive retail store by Apple as the projected construction cost was about $20 million.

Source:

Hitechanalogy