Apple’s current plan includes increasing its Apple-brand retail outlets in China to a number of 40 from 15 in the coming next 2 years, according to an interview posted on Chinese web portal Sina.com.
Apple may also increase their investment in China by an unspecified amount. According to the interview, Tim Cook stated
In the future, China will become Apple’s biggest revenue contributor. It’s just a matter of time.
China is Apple’s third-largest market after the U.S. and Europe. Apple faces competition in China from South Korean company Samsung as well as Chinese manufacturers.
Cook has been visiting China this week where he met with Vice Premier Ma Kai. The two discussed such matters as protecting user information and cooperating more regarding information and communication. In July, a researcher interviewed on Chinese TV labelled the iPhone a potential national security threat due to its Frequent Locations feature. The researcher claimed that the data collected by the feature could reveal the entire country’s economic status and “even state secrets.” In response, Apple said the data gathered by the feature is stored only on the phone and not collected by the company.
The report also quoted him as saying Monday he would meet with Jack Ma, the founder of China’s e-commerce giant Alibaba Group Holding Ltd.