A report out of Digitimes suggests that Cybermart, a retail arm of Hon Hai which also owns Foxconn, has recently received approval as an Apple-licensed retailer in the Asia-pacific region. The retailer intends to sell Apple products in up to 500 new stores planned for China, Hong Kong and Taiwan. Cybermart will open seven to eight stores in 2011, starting with its first store in Tianjin, China which will open on April 1, 2011.
These retail stores will complement the 20 stores Apple is planning to open in China during 2011. While the Apple Stores will form the hub of company's Chinese operations, Cybermart's retail chain and household name will help Apple expand its presence in the growing Asian market. The retaile
