Apple to open 2nd store in S. Korea this week
SEOUL, Feb. 24 (Yonhap) -- Apple Inc. will launch its second official outlet in South Korea on Friday, expanding its presence in the country since its first store opened doors in 2018.
The new store, located in IFC Mall in Yeouido, western Seoul, plans to open later this week to visitors, the U.S. tech giant said Wednesday.
Apple's move comes as it seeks a greater share of the local market dominated by homegrown tech giant Samsung Electronics Co.
The U.S. smartphone maker is expected to account for 22 percent of the local smartphone market this year, up 1 percentage point from a year earlier, on the back of solid sales of its first 5G smartphone, the iPhone 12, according to market researcher Counterpoint Research.
Samsung is forecast to have a 65 percent stake in the market this year.
Globally, Apple surpassed Samsung as the top smartphone vendor in the fourth quarter last year, according to research and consulting company Gartner Inc.
yunhwanchae@yna.co.kr
(END)
-
1 
BTS most tweeted about musician in U.S. in 2020
-
2 
BTS earns 2nd 'million point' song on Oricon chart with 'Dynamite'
-
3 
BTS performs 'BE,' surprise Coldplay cover on 'MTV Unplugged'
-
4 
Harvard professor Ramseyer to revise paper on 1923 massacre of Koreans in Japan: Cambridge handbook editor
-
5 
(Yonhap Interview) Jeongmilla: the artist who sings Seoul's blue hill neighborhood in 'CheongPa Sonata'
-
1 
BTS most tweeted about musician in U.S. in 2020
-
2 
U.S. court orders N. Korea to pay US$2.3 bln over 1968 capture of USS Pueblo
-
3 
SHINee says vigor, passion drove new album following military enlistment hiatus
-
4 
(Yonhap Interview) Jeongmilla: the artist who sings Seoul's blue hill neighborhood in 'CheongPa Sonata'
-
5 
BTS performs 'BE,' surprise Coldplay cover on 'MTV Unplugged'
-
1 
Upcoming military exercise with U.S. should be postponed or halted: expert
-
2 
Panel says Pfizer COVID-19 vaccine eligible for youths, 1st shots scheduled for Sat.
-
3 
(LEAD) S. Korea to extend current social distancing measures for 2 weeks: PM
-
4 
12-year-old U.S. resident identified as suspect of terror threat against Incheon airport
-
5 
(2nd LD) S. Korea begins vaccinations amid hopes for herd immunity by Nov.
