India, March 11 -- Apple Inc. is preparing to open a new store in Jingan, Shanghai later this month, at a time when the tech major is facing a slowing down of iPhone sales in one of its mainstream markets in China.
As per a notice on its website, Apple Jingan will be opened on March 21 as the eighth store in Shanghai. Apple already has 46 locations across China, with Shanghai having the highest number of Apple stores in the country.
Bloomberg reported earlier that the company plans dozens of new, relocated or refreshed stores over the next few years. In its latest first quarter, the company recorded weak sales in Greater China of $20.82 billion, compared to last year's 23.91 billion, even as the company generated improved results in all o...