Apple could up investment in China

27/03/2012

Apple Could Up Investment In China

Apple has indicated it could consider higher investments in China, as chief executive of the firm Tim Cook visited Beijing to meet officials.

This was Mr Cook's first visit to China since taking the top job in the American conglomerate in August following the death of founder Steve Jobs.

Apple currently has five stores in mainland China and one in Hong Kong but it has recently been claimed that Apple will never be able to sell as many mobile phones in the country as Samsung.

That view came from a number of analysts as Apple currently accounts for only 7.5 per cent of the burgeoning Chinese market, while Samsung has a 24.3 per cent share.

"China is very important to us and we look forward to even greater investment and growth here," said Carolyn Wu, a Beijing-based Apple spokesperson.

Analyst at Electric Speech Robert Clark said Apple could go ahead with an accelerated store roll-out programme.

Posted by Peter Robinson

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