Apple Share Price: Russian Online Store Opened

on Jun 26, 2013
Listen Wednesday June 26th: Apple (NASDAQ:AAPL) opened its online store in Russia today with customers in Moscow and St Petersburg now able to order all of the company’s products directly from the official website. This is yet another signal that iPhone maker is preparing to open its first brick and mortar stores in the country after it registered a new distribution arm almost a year ago.

Apple has been rapidly expanding its presence in emerging economies as growth of smartphone sales in Western markets is slowing down due to increased competition. With international sales now beating US sales, Apple should make sure that Russian first-time buyers on its online store return to upgrade their products when the company opens a brick and mortar store. The world’s ninth most populous country is likely to prove a good market for Apple, especially as Russian consumers are known to have a desire for luxury.

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“Russia is very attractive because you see here a lot of individuals that have money. A lot of entrepreneurs are in Russia building their own businesses. People are perfectly prepared to spend money for luxury goods,” Torsten Mueller-Oetvoe, Rolls Royce’s chief executive, said earlier this month.

**Apple Reveals Exciting Business Features in iOS7**
!m[Apple (NASDAQ:AAPL) ](/uploads/story/3431/thumbs/pic1_inline.jpg)
Apple revealed this week a slew of new software features designed with business users in mind.
In the iOS7 Apple has added Per app VPN, which will allow for applications to require a virtual private network (VPN) functionality to run when they start up, thus providing greater security when operating company software. The tech giant is also introducing an improved mail which will support PDF files, an enterprise single sign-on (SSO) and third-party applications data protection.
**Apple’s share price was $404.00p as of 25.06.2013, 14.35 BST.**
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