App Store Shopping Now Much Easier in China
Earlier this week, Apple announced that it made a deal with China Union Pay, which is the most popular payment card in China, to add Union Pay as an option in Apple’s App Store. This will make it much easier for Chinese consumers to make purchases via iTunes. Previously, Chinese consumers had to use a complicated process to set up and prefund an online bank account. Observers expect this to lead to a big increase in app sales in China, which is already Apple’s second largest market worldwide for apps.
Quarterly Dividend Distribution
On Thursday, Nov. 13, Apple paid $0.47 per share to its shareholders, for a total payout of $2.9 billion for the quarterly distribution.
Vanguard Information Technology ETF — VGT
Although AAPL had a great week, there is always a risk of volatility when you invest in single-stocks. If you would like to share in AAPL’s success while reducing your risk, consider an ETF such as VGT, which invests in 412 stocks and currently has 15.51 percent of its funds in AAPL
By Diana Primavera, ETF Daily News