Apple has opened its first store in Southeast Asia at Singapore’s upmarket shopping district. Apple expects this store to be one of the most of the most popular stores in the world.
Most of the earnings for Apple comes from the sales of its flagship iPhone, which of late faces increasingly tough competition in a saturated market.
Apple already has almost 500 stores globally with more than a million visitors daily. Apart from Singapore it has shops located in Hong Kong, China and Japan in Asia.
Apple Inc. is California based technology giant that designs, develops, and sells consumer electronics, computer software, online services, and personal computers. It was born out of Steve Jobs’ garage to reshape modern life with trend-setting gadgets. Apple was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne in 1976 to develop and sell personal computers. Later in 1977, it was incorporated as Apple Computer. It was renamed as Apple Inc. in 2007, to reflect its shifted focus towards consumer electronics.
Apple now has a massive $256.8 billion cash stockpile. The tech giant celebrated its 40th anniversary last year.