Apple Plans 25 Stores for China


Picture via Kamran Kazempour

Philip Elmer-Dewitt of Fortune has a mole at the Apple shareholders’ meeting today. Not much to report, other than that Steve is in good spirits and cracking jokes, but there is one piece of pretty huge news: Apple is planning to open 25 stores in China, signs that the company sees a lot of untapped growth potential in Asia, where it currently has a retail presence in Japan and one store in Beijing so far. The iPhone launch has been regarded as disappointing in China, but this could good go some way to changing things.

Inside Apple’s Shareholder Meeting (Apple 2.0)