Expansion in China
Back to good news: Apple announced it will be opening five new stores in China before the Chinese New Year, which is a major gift-giving holiday there. With the new stores, there will be a total of 20 Apple stores in China. The company hopes to have 40 stores in the country within the next two years. CEO Tim Cook has said that it is just a “matter of time” before Apple’s revenues from sales in China grow larger than revenues from sales in the U.S.
Competition in China
While Apple has big plans for its business in China, Xiaomi, a Chinese smartphone maker, hopes to provide competition. This week it unveiled its new phone that looks very much like an iPhone Plus 6,
Vanguard Information Technology ETF — VGT
A good way to even out a bumpy stock-market ride is to invest in an ETF like VGT, which currently holds 427 different stocks, with AAPL as its largest holding.
By Diana Primavera, ETF Daily News