Chinese Customers Investing In Apple’s Suppliers
There have been so many reports about the craze for Apple products in China. Unscrupulous people sell fake Apple products and smuggle Apple products. Some people pay for adding “Sent from my iPhone” signature to their mails. Recently, a guy, sold his kidney to buy and iPhone or iPad.
Now, according to a report in Reuters, it is gold rush in China as investors are lining up to cash in on Apple’s success by buying up shares in Apple’s Asian suppliers.
Chinese law prevents investors from buying Apple directly. Thus, many investors are turning to firms Apple mentioned on its recent supplier list. Even companies rumored to be an Apple supplier are benefitting from this enthusiasm for anything related to Apple.
Analyst Zhou Feng of Donghai Securities Co. said, “Investors want to share in Apple’s growth as they believe sales of iPhones and iPads will remain strong.”