- tech360.tv
Tim Cook Unveils Shanghai Store Amid Apple's China Challenges: A Grand Entrance Sparks Enthusiasm
Apple CEO Tim Cook opened a new store in Shanghai to a large crowd of eager customers. The store is Apple's 57th in China and its second-largest flagship store. Apple's iPhone sales in China have declined by 24% year-on-year.
Apple CEO Tim Cook made a grand entrance on Thursday as he opened Apple's latest store in Shanghai. The store opening drew a massive crowd, with some dedicated fans even queuing overnight to be among the first to enter.
Arriving in Shanghai the day before, Cook wasted no time in opening the store's doors. He flashed a victory sign with his fingers, signaling the excitement surrounding the new store. Cook personally greeted the first few customers who had eagerly waited outside.
Situated near Shanghai's historic Jing'an Temple, this new store marks Apple's 57th location in China and its eighth in the bustling financial hub. It is also the company's second-largest flagship store, second only to its iconic Fifth Avenue outlet in New York City.
The timing of this store opening is significant, as Apple faces challenges in the Chinese market. The tech giant has been grappling with declining iPhone sales in China, coupled with fierce competition from domestic rivals like Huawei. Consultancy estimates reveal that Apple's iPhone sales in China have dropped by 24% year-on-year in the first six weeks of this year.
During the store opening, Cook was accompanied by Deidre O'Brien, Apple's senior vice president of retail and people. However, Cook did not make any public remarks at the event. The sheer number of attendees prompted Chinese police to step in and manage the crowd, ensuring a smooth and orderly experience for everyone.
Prior to the store opening, Cook engaged with local media outlets. Reports indicate that he met with Apple's Chinese suppliers, including Wang Chuanfu, the founder and president of BYD. BYD's electronics arm supplies components to Apple, further strengthening the ties between the two companies.
Looking ahead, Cook is expected to travel to Beijing to attend the China Development Forum. This forum serves as a platform for foreign CEOs to interact with top Chinese policymakers, fostering dialogue and collaboration between international and domestic business leaders.
Apple CEO Tim Cook opened a new store in Shanghai to a large crowd of eager customers.
The store is Apple's 57th in China and its second-largest flagship store.
Apple's iPhone sales in China have declined by 24% year-on-year.
Source: REUTERS