By Apple, the tech giant, is set to launch its first retail store in India this month. The store, located in the Jio World Drive Mall in Mumbai, will officially mark the company’s entry into the Indian market, which has been a long-awaited move for the tech giant.
According to reports, the Apple BKC store will be open to the public in April, and the company will open another store in Delhi very soon.
This comes after Apple announced that it had set an all-time revenue record for the Indian market in February of this year. “We set a quarterly revenue record and grew very strong double digits year over year, and so we feel very good about how we performed,” said Apple CEO Tim Cook.
Despite the pandemic, Apple has continued to grow in India. In the holiday quarter of 2022, the company sold 2 million iPhones in India, registering an 18% growth quarter-on-quarter for its flagship device. Additionally, the market share of iPhones in India reached 5.5% for 2022, an 11% growth year-on-year.
“That’s despite the headwinds that we talked about. India is a hugely exciting market for us and a major focus. We brought the online store there in 2020. We will soon bring Apple Retail there,” Cook added.
The move into the Indian market has been a long time coming for Apple, which has been working to establish a presence in the country for several years. In 2020, the company launched its online store in India, and now, with the opening of its first retail store, it is clear that the company is committed to expanding its reach in the Indian market.
With the growing popularity of Apple products in India, the company’s move into the Indian market is expected to be a major success, with the potential to drive significant growth and revenue for the tech giant in the years to come.
In conclusion, the launch of Apple’s first retail store in India is a significant step for the company as it expands its presence in one of the world’s fastest-growing smartphone markets. The move is expected to drive significant growth and revenue for Apple in India, and with plans for another store in New Delhi, it is clear that the company is committed to establishing a strong foothold in the Indian market.
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