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This is Cook's second trip in 10 months

In an effort to expand in the country, Apple CEO Tim Cook has made his second trip to China in under a year.

Cook is currently in China meeting with Miao Wei, head of the Ministry of Industry. He's looking into broadening Apple's business in China, including the information technology industry and global mobile communications.

Cook made his first trip to China in March 2012, and since then, Apple has increased its number of stores in China from six to 11.

In 2011, many counterfeit Apple stores started popping up around China. In July of that year, a store located in Kunming, which wasn't identified as an authorized Apple retailer, imitated the real thing right down to employees wearing identical Apple employee t-shirts and the solid white shelves/walls featuring the products.

Later in August 2011, 22 additional unauthorized Apple retailers were found throughout China. These unauthorized Apple retailers have been forced to stop using Apple's logo, and a complaint hotline along with increased monitoring is being put into place to prevent any further reselling of Apple products.

Last month, it was reported that Apple, which previously held the No. 4 spot in the Chinese mobile phone market, slipped to No. 6 in Q3 due to its low number of shipments. Cook is likely looking to correct this, considering China is the largest market for mobile phones.

It is unclear how long Cook will be in China or who else he'll be meeting with.

Source: Bloomberg

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By TakinYourPoints on 1/8/2013 9:50:06 PM , Rating: 2
They didn't really screw up on the Mac side either. The iMacs were launched within the launch window from when they made the announcement in October.

As for the performance:cost ratio, the iMacs are actually the best in the AIO market. Dell, HP, and Lenovo's AIOs at the same price have far inferior specs and fewer upgrade options (no higher capacity SSD, no GTX 680, etc), and the deal with those other AIOs gets worse the more you spend. The same goes for Apple's high rMBP and the MBA, priced comparably to others in its size class but with superior components like trackpads, keyboards, and displays (the Zenbook Prime is one of the few competitive exceptions). Right now there is nothing out there like the Retina Display MBP. The Fatbooks are the exception, currently the worst deal of Apple's products IMHO.

Their sales volume is good too. Apple accounted for a third of all laptop sales in the US last year and 90% of OEM sales over $1000.

As for the iPhone 5, it is projected to sell about twice as fast as the iPhone 4S, which by comparison sold twice as fast as the blockbuster GS3. The only supply chain issue is that they couldn't match the insane demand. Similar constraints happened with the iPad for the first year, same with the Nintendo Wii as well. They were selling them as fast as they could make them.

Who can predict that sort of mania? Nobody can.

By retrospooty on 1/9/2013 7:30:50 AM , Rating: 2
My eyes just cant roll back into their sockets far enough...

"Let's face it, we're not changing the world. We're building a product that helps people buy more crap - and watch porn." -- Seagate CEO Bill Watkins

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