Apple Opens Fifth Store On Chinese Mainland

The juggernaut continues. Apple (NASDAQ:AAPL) has just flagged off its fifth store on the Chinese mainland, the third in Shanghai and its largest retail store in Asia.

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“I started to queue for the opening at 10pm on Thursday and I wanted to be the first to see what’s new in the shop,” said happy customer Cui Lizhen, who was the first one to enter the brand new store, and traveled all the way from the north-eastern Jilin Province to the showroom.

Apple aims to open 25 stores in China and Hong Kong by February 2012.

The move is a continuation of Apple’s strategy to stay one step ahead of core competitors Google (NASDAQ:GOOG), Nokia (NYSE:NOK), Microsoft (NASDAQ:MSFT), and Research in Motion (NASDAQ:RIMM).

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The stock is trading at $403.41 today, up 0.40%. Shares are up 39.08% in one year. The stock’s trading range for the year is between $275.00 and $422.86.

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