T.C. Gou, whose brother is is chief at Apple supplier, Foxconn Technology Group, plans to open 100 stores to sell Mac computers and iPod music players in China, reports “Bloomberg” (http://www.businessweek.com/news/2010-06-14/foxconn-chief-s-brother-plans-100-china-apple-stores-update2-.htm).
Gou’s Cheng Uei Precision Industry Co. jumped its 6.9% limit in Taipei trading after the company confirmed plans to open its first Apple retail outlet in Shanghai by the end of 2010. Taipei-based Cheng Uei aims for 100 stores in China within three years, investor relations spokesman T.P. Liu told “Bloomberg.”
The component-maker’s plan may help Apple add market share in China, where retail sales jumped 18.7% in May and which is forecast to be the biggest computer market by 2013, the article. Foxconn is an assembler of iPhones and was founded by Terry Gou.