Apple Quest For Growth From Emerging Markets: To Mark Its Online Store Debut In Vietnam

May 12, 2023 9:38 AM | 1 min read |

Apple Inc AAPL prepares to mark its online store debut in Vietnam next week as it aggressively chases growth in emerging markets.
Vietnam's online store launch on May 18 comes just weeks after the iPhone maker introduced its first Apple stores in India - Mumbai and Delhi, Reuters reports.
Apple first launched an online store in India in 2020.
Apple CEO Tim Cook is betting on the emerging markets for growth backed by younger populations and relatively lower penetration of iPhones.
Apple already sells products in Vietnam via licensed vendors. It also has multiple suppliers that assemble its gadgets in the country for export.
Price Action: AAPL shares traded lower by 0.07% at $173.62 on the last check Friday.
Image by Matias Cruz from Pixabay

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.