Apple Ipad2 arrives in China with a vengeance
The hugely popular Apple Ipad2 has arrived in China with a vengeance as lines were long and patience wore thin. Hundreds of people waited in line outside Apple’s store in Shanghai’s Lujiazui financial district before the 8 am opening time. The store sold out of the white-colored version of iPad2 with 16 gigabytes of memory within hours, according to a check by Bloomberg News.
Apple is offering the iPad2 in China, home to its highest-grossing stores worldwide, as demand in the US for the upgraded product surpassed the first version since its debut in March. The Cupertino, California-based company faces increasing competition in China from local vendors of smartphones and tablets including Lenovo and ZTE Corp, according to Shan Chao, an analyst at BDA China, which advises companies.
“They previously had the market all to themselves, but now rival products have sprung up,” Shan said by telephone from Beijing today. “The new upgrades will help Apple, which is already leading local products in terms of technology.”
The new iPad, which comes in white and black, is lighter, thinner, includes a more powerful processor and front and rear cameras, and sells from 3,688 yuan ($568), according to Apple’s China website. Apple’s stores in China generate, on average, the highest traffic and highest revenue of any company stores in the world, Chief Financial Officer Peter Oppenheimer said on a January 18 earnings call.
“We’re working hard to get the iPad2 into the hands of every customer who wants one as quickly as possible,” said Carolyn Wu, a Beijing based spokeswoman at Apple. Demand for the iPad2 “has been amazing,” she said.
President Obama told Chinese leader-in-waiting Xi Jinping on Tuesday that Beijing must play by the same trade rules as other major world powers and vowed to keep pressing China to clean up its human rights record.
Read More
America's historic Chinatowns, home for a century to immigrants seeking social support and refuge from racism, are fading as rising living costs, jobs elsewhere and a desire for wider spaces lure Asian-Americans more than ever to the suburbs.
Read More
China is planning on ramping up their space endeavors pver the next five years.
Read More
China is in danger of missing out on another World Cup after dropping a 1-0 decision at home to ten man Iraq.
Read More
China is clearly troubled by the proposed US law that will punish countries with artificially low currencies.
Read More