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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 (opens in new tab) 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 (opens in new tab) 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.

Ravi Mandalia
Contributor

Ravi Mandalla was ITProPortal's Sub Editor (and a contributing writer) for two years from 2011. Based in Ahmedabad, India, Ravi is now the owner and founder of Parity Media Pvt. Ltd., a news and media company, which specializes in online publishing, technology news and analysis, reviews, web site traffic growth, web site UI. Ravi lists his specialist subjects as: Enterprise, IT, Technology, Gadgets, Business, High Net Worth Individuals, Online Publishing, Advertising, Marketing, Social Media, News, Reviews, Audio, Video, and Multi-Media. He has also previously worked as Dy. Manager - IT Security at (n)Code Solutions.