According to a report by Digitimes published today, Foxlink is planning on opening 50 new Apple-exclusive retail stores in China, Taiwan, Hong Kong and Korea by the end of 2011. Currently, Foxlink has 50 stores in Asia, and the move to double its presence to sell Apple products-only could drive a significant change in Apple’s retail distribution in these countries.
Taiwan-based Foxlink plans to expand the number of its exclusive stores for Apple products in China, Taiwan, Hong Kong and Korea to 100 outlets by the end of the year, from 50 currently, according to the company.
In addition to Foxlink, Cybermart, the Foxconn Group’s retail chain in China, will also open a new store in Changchun, Jilin province, China in July with the store to also set up an exclusive outlet of 200 square meters to sell Apple products.
Back in late January, it was also reported that Cybermart International, Foxconn retail subsidiary, announced its intention to open 500 new Apple-licensed stores in Greater China. The first store was set to open in Tianjin on April 1, 2011, and Digitimes claims today other locations include Xiamen, Zhengzhou, Changchun, Taiyuan, Xinjiang, and Kunming. At the Q2 2011 earnings call, Apple announced the opening of a 5th store in China, with Tim Cook confirming that Apple was “on a tear” in the country thanks to iPhone sales being up 250% in Greater China.
