NEW YORK (TheStreet) -- Apple (AAPL) - Get Report is planning to open its first store in Taiwan, a move that comes after the iPhone maker raised $1.38 billion in a bond offering last month on the island, Reuters reports.

Taiwan is also home to many of the companies in Apple's supply chain.

The Cupertino, CA-based tech giant confirmed to Reuters that it had plans to open its first Apple Store in Taiwan, but did not give further details.

Apple was looking for "a leader for personnel training plans for the Taiwan Apple Store" and other retail positions, according to job postings today on its website.

Shares of Apple are down 0.39% to $99.04 in pre-market trading on Friday.

(Apple is a core holding of Jim Cramer's charitable trust Action Alerts PLUS. See all of his holding with a free trial here.)

Separately, TheStreet Ratings Team has a "Buy" rating with a score of B on the stock.

The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins.

The team believes its strengths outweigh the fact that the company shows weak operating cash flow.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: AAPL

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