Recent News
Business Australia Business Australia
  • Home
  • Top Stories
  • Australian Business
  • Business
  • Finance & Banking
  • Global Markets

Business Australia

  • Home
  • Top Stories
  • Australian Business
  • Business
  • Finance & Banking
  • Global Markets
Home Finance & Banking Apple Distributor In Thailand Cashes In On Consumer-Spending Recovery
Finance & Banking

Apple Distributor In Thailand Cashes In On Consumer-Spending Recovery

adminJuly 8, 20261 Mins read32
Share
Apple Distributor In Thailand Cashes In On Consumer-Spending Recovery
Share

This story is part of Forbes’ coverage of Thailand’s Richest 2026. See the full list here.

Amid a gradual recovery in consumer spending, Com7, Thailand’s leading retailer of smartphones with a nearly 25% market share, is thriving. The company booked a 25% increase in net profit to 1.2 billion baht ($37 million) on a 13% rise in revenue to 24 billion baht for the first quarter of 2026 and said it expects to maintain double-digit revenue growth on the back of 100 new store openings this year. The uptick in Com7 shares gave cofounder Sura Khanittaweekul a nearly 40% boost to his wealth to $655 million, though that is still below his net worth of $670 million in 2022 when he first entered the ranks of the country richest.

Starting out in 1996 with one store in Bangkok’s popular Pantip Plaza electronics mall, Com7 as of March had a network of 1,323 stores, including Studio7 Thailand for Apple products and BaNANA—Thai for “piece of cake”—for IT ware. While retailing accounted for 97% of its 2025 revenue of 87.5 billion baht, Siriluck Pinthusoonthorn, an analyst at Bangkok-based Globlex Securities, notes in a May report that Com7’s other business lines, including distributing EVs, solar energy and insurance, are growing rapidly

Source link

Share
Bad Bunny Beats Lady Gaga’s Super Bowl Record With 9 Emmy Nominations Previous post Bad Bunny Beats Lady Gaga’s Super Bowl Record With 9 Emmy Nominations
Why Are “Retail Choice” Electricity Markets More Expensive? Next post Why Are “Retail Choice” Electricity Markets More Expensive?

Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

More News

Cleveland Guardians Suddenly Growing Crop Of Needed Power Prospects
Top Stories

Cleveland Guardians Suddenly Growing Crop Of Needed Power Prospects

ByadminAugust 24, 2026
Russia and China expand trade via Arctic sea route — RT Business News
Australian Business

Russia and China expand trade via Arctic sea route — RT Business News

August 24, 2026
James Lew, Actor And Stuntman On 3 John Carpenter Films, Dies At 73
Finance & Banking

James Lew, Actor And Stuntman On 3 John Carpenter Films, Dies At 73

August 24, 2026
Related Articles
Woodside Energy Profit Up As Control Speculation Grows
Finance & Banking

Woodside Energy Profit Up As Control Speculation Grows

ByadminAugust 25, 2026
Electrifying The Military – Could Batteries Replace Oil Soon?
Finance & Banking

Electrifying The Military – Could Batteries Replace Oil Soon?

ByadminAugust 25, 2026
WWE Raw Results, Winners And Grades On August 24, 2026
Finance & Banking

WWE Raw Results, Winners And Grades On August 24, 2026

ByadminAugust 25, 2026
9 New York City Culinary Events To Book This Fall
Finance & Banking

9 New York City Culinary Events To Book This Fall

ByadminAugust 24, 2026

Recent News

‘They Shall Not See The Dawn’ Is A Real Life Nazi-Hunting Thriller
Finance & Banking

‘They Shall Not See The Dawn’ Is A Real Life Nazi-Hunting Thriller

August 24, 2026
Trump Administration Reportedly Readying To Revoke Visas From Up To 200,000 Foreigners
Top Stories

Trump Administration Reportedly Readying To Revoke Visas From Up To 200,000 Foreigners

August 24, 2026
Pacers Schedule Sees Changes In Where Advantages And Disadvantages Lie
Finance & Banking

Pacers Schedule Sees Changes In Where Advantages And Disadvantages Lie

August 24, 2026

Weekly Update

New Postal Service Rule Up In The Air Before Midterms—What To Know
Finance & Banking

New Postal Service Rule Up In The Air Before Midterms—What To Know

August 24, 2026
Wendy’s CEO Admits Chain Didn’t Prioritize Food Quality
Finance & Banking

Wendy’s CEO Admits Chain Didn’t Prioritize Food Quality

August 24, 2026
My Chemical Romance Surges On The Charts As Another Tour Leg Begins
Top Stories

My Chemical Romance Surges On The Charts As Another Tour Leg Begins

August 24, 2026

Copyright 2026. All rights reserved

  • About Us
  • Private policy
  • Forums
  • Home
  • Top Stories
  • Australian Business
  • Business
  • Finance & Banking
  • Global Markets

Weekly update

China’s Robot Boom Tests Investor Discipline
Finance & Banking

China’s Robot Boom Tests Investor Discipline

August 24, 2026
Taylor Swift Blocked From A New No. 1 By A Fellow Hitmaking Machine
Finance & Banking

Taylor Swift Blocked From A New No. 1 By A Fellow Hitmaking Machine

August 24, 2026
Why Goo Goo Dolls’ ‘Iris’ Is Having A 28-Year-Long Moment
Top Stories

Why Goo Goo Dolls’ ‘Iris’ Is Having A 28-Year-Long Moment

August 24, 2026
© Copyright 2026 . All rights reserved powered