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CEO also says that after launches in 16 Chinese cities, Apple will be in 300 new Chinese markets by the end of this year. "We've got the ramp in front of us," he says.
Investors gobble up the debt offering, the proceeds of which will be used to fund dividends and share repurchases.
The company plans further expansion in a region that posted a 60 percent year-over-year increase.
The new store will open at 9 a.m. local time on Saturday in the Nanshan district of Shenzhen. This follows recent store openings in Beijing and Kowloon Tong, Hong Kong.
The company is opening a new retail store Saturday in Beijing's Dongcheng district.
The company talks up its third store in Beijing, as it works to improve its position in China, where it recently saw a decline in the smartphone market.