BEIJING: Apple is opening 25 retail stores in China within the next two years, said Chief Executive Tim Cook.
Apple, which currently earns about 15 percent of its revenue in China, has 15 outlets in the country. The Apple chief executive made similar comments Monday on the company’s fourth-quarter earnings call.
“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.”
Cook is visiting China, where he has toured Foxconn Technology Co’s iPhone factory in Zhengzhou and looked at local retail operations.
On Friday, Cook will attend meetings at Beijing’s Tsinghua University as a member of the School of Economics and Management’s advisory council. He will join Mark Zuckerberg, the Facebook Inc founder, and other global business leaders.
The Apple chief also said the company is cooperating with Chinese firms including Baidu Inc and Alibaba Group Holding Ltd, according to today’s online transcript.
