These retail stores will complement the 20 stores Apple is planning to open in China during 2011. While the Apple Stores will form the hub of company's Chinese operations, Cybermart's retail chain and household name will help Apple expand its presence in the growing Asian market. The retailer is known for its selection of electronics and aims to become China's top electronics chain.
Apple is wisely eyeing the Asian market for explosive growth in 2011. In Apple's last quarter, Asian revenue is up 147% and could bring Apple up to $2 billion annually. The iPhone is also gaining in popularity with a 12% market share in Japan and over 20% post-paid share in South Korea.