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Apple pips Hermes as No 1 luxury gift in China

Published Thu, Jan 29, 2015 · 09:50 PM

Shanghai

APPLE Inc has taken the top luxury gifting spot in China from designer goods maker Hermes International SCA, according to a Hurun luxury report on Thursday, reflecting the iPhone maker's recent hot streak in the country.

The US tech firm's focus on glitzy stores and high prices helped it post a 70 per cent rise in sales in China in the last three months of …

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Companies & Markets

Apple pips Hermes as No 1 luxury gift in China

KEYWORDS IN THIS ARTICLE

Consumer & Healthcare

Lululemon to shutter Washington distribution center, lay off 128 employees

Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece

P&G raises annual core profit forecast on resilient demand, price hikes

Cordlife calls for trading halt after shares sink to all-time low, pending announcement

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

Swiss watch exports plunge as China and Hong Kong demand dries up

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