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Foxconn Planning Retail Outlets in China To sell Apple Products

Foxconn parent company Hon Hai Precision Industry is reportedly planning to open retail outlets in China that sell Apple products like the iPhone, iPad and the iPod.

Citing a report in the Economic Daily News, Bloomberg reported that the retail outlets that sell Apple products will be opened by Hon Hai Precision Industry’s unit Cybermart International. The unit’s chairman Steve Chang confirmed the report.

Cybermart, which already runs 34 retail outlets in China, had obtained the permission to become an Apple Authorised Reseller in January this year, 9to5Mac reports. The partnership could prove extremely fruitful for both the companies.

Apple’s products have become extremely popular in China since it opened its store in Beijing in 2008. Cybermart, which plans to open 8 new stores in this year along, as the potential to open more than 500 stores selling Apple products in China in the next few years.

The company plans to invest more than NT&47 billion or US$1.2 billion in opening retail outlets for Apple products. Apple’s success in the country can be furthered with the opening of new retail outlets, significantly.