Type of Article: MacNews Web Site

Apple to open 25 stores in China

Posted by | Feb 25, 2010 | , |

At Thursday’s shareholder meeting, Apple senior vice president of retail Ron Johnson said Apple is planning to open 25 retail stores in China, although he didn’t say when.

Apple opened its first Chinese retail store in Beijing in July 2008. Plans for a second store in Beijing were announced in mid-2009, but it still hasn’t materialized.

Apple now has 283 stores in 10 countries. Approximately 100 stores were remodeled during the 2009 calendar year and 10 new stores opened, including one in Louvre in Paris and Upper West Side in New York.

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‘The Tech Night Owl’ looks at banishing Google, Macworld Expo, more

Posted by | Feb 25, 2010 | |

On this week’s “Tech Night Owl,”Gene Steinberg, the Owl himself, and guests look banishing Google from your Mac, the 2010 Macworld Expo and more.

Author and commentator Kirk McElhearn tells you why he’s working hard to banish Google from his Macs, as he regards the service as potentially harmful to your privacy. That very subject is also covered from a somewhat different point of view by Adam Engst, of “TidBITS” and Take Control Books. Engst also discusses the surprising success of Macworld Expo 2010, which was held without Apple’s participation.

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At shareholder’s meeting, Jobs defends Apple’s cash stockpile

Posted by | Feb 25, 2010 | , |

At Thursday’s Apple shareholder meeting, CEO Steve Jobs defended the company’s large cash stockpile of about US$40 billion. And two environmental proposals were rejected.

He said he prefers having cash for investments to paying dividends or doing stock buybacks, notes “Bloomberg” (http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=AAPL%3AUS&sid=aJgDQ606o_Lw). Apple is holding onto cash to take “big, bold” risks, he said.

“When you take risks, it’s like jumping in the air,” Jobs said. “When they don’t work out, it’s nice to know the ground is always there.”

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