An Apple spokesperson has confirmed that a third Shanghai Apple store will be opening on Nanjing Road. Our reaction to this is really? Already? It’ll be the fifth in China (there are two stores in Shanghai and two in Beijing) and the largest in the nation. Supposedly, the size of the retail space is necessary “to accommodate the crowds that routinely pack its China Apple stores, which are visited by more than 40,000 people per day-four times the average traffic in their American stores.”
The China stores get the most foot traffic and bring in the most revenue. Apple says that profits quadrupled in China from last year and the company’s existing China stores had the highest revenue on average of any Apple store in the world. The electronic products maker had announced it wanted to open 25 stores in China this year, but says now the demand to open larger stores than originally planned may set this schedule back.