Huge crowds attend Shanghai Apple Store grand opening

As expected, China's newest Apple store opened today in Shanghai. The store's 300 employees were greeted by a crowd of over 500 people on hand for the grand opening. Located on the busy Nanjing road, the store is China's fifth Apple store and its largest. It occupies five stories of retail space and has an expected foot traffic of 40,000 customers each day.
The opening of this store is part of Apple's long-term strategy to increase its presence in China and other parts of Asia-Pacific. In the past, Apple has been slow to introduce products into China. It took Apple 4 months to introduce the iPhone 4 to China, 5 months for the iPhone 3GS and a whopping 16 months for the iPhone 3G.
Apple is trying to reverse this trend by slowly adding new retail outlets to improve its brand awareness and hopefully boost its sales in the region. Apple's biggest hindrance may be its own popularity. Demand for Apple products has created an underground network of fake Apple products being sold both in open air marketplaces and fake retail stores.
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As expected, China's newest Apple store opened today in Shanghai. The store's 300 employees were greeted by a crowd of over 500 people...
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Apple is always going to be slower in launching products in China until China changes their system for product approval. Apple must submit each new product for govt agency review prior to going on sale and because of secrecy issues, especially related to China, Apple appears to only submit a product once its already gone on sale elsewhere in the world. There is also a large and growing gray market for apple products purchased overseas, especially Hong Kong because China slaps a 17% tax on all apple products since they are a foreign brand, even though they are built in China. WTF good is the WTO anyway?
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