The China based company Foxconn has been manufacturing for Apple for quite sometime. The two companies are on good terms as the keep on expanding. Now Foxconn is Spending over $1.6 Billion on making new stores for selling Apple devices in China.
Two months ago there was an explosion at Foxconn manufacturing plant that produces iPad 2, which a number of workers Lost their lives. Foxconn and Apple are getting high benefits from Foxconn investments in this partenrship.
The latest investment is $1.6 billion worth will enable Foxconn‘s subsidiary, Cybermart International to own and operate retail stores selling Apple products.
Cybermart currently has about 34 stores in China, This number expected to grow by the end of the year. Apple pentrating of the Chinese market could bear the company much revenue.
Tags: Apple
