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Apple to Double Retail Outlets in China as Growth Slows

Apple Inc. will double the number of retail stores it operates in China during the next two years as Chief Executive Officer Tim Cook looks for ways to counter slowing growth.

Apple’s sales in the greater China region, the world’s largest market for computers and handsets, rose 11 percent to a record $8.8 billion during the fiscal second quarter, Cook said on a conference call yesterday. That was down from the 67 percent pace of growth in the three months ended Dec. 29, the first period Apple officially broke out results for its largest market outside the U.S.