Apple to Open New Shanghai Store as China iPhone Sales Slump
- It’s also creating a new lab in Shenzhen to boost China ties
- China hosts Apple’s largest retail store network after the US
An Apple store on Nanjing East Road in Shanghai.
Photographer: Qilai Shen/BloombergApple Inc. is preparing to open its eighth store in Shanghai this month, adding to its largest retail network outside the US at a time iPhone sales in China are slowing.
The new retail space, Apple Jingan, is located in the center of the city that already hosts the largest number of Apple stores in the Chinese mainland. Opening on March 21, it will be one of 47 locations across the country of 1.4 billion.