Apple to Expand its Reach in Retail Market of India, Will Open its Sixth Store, iPhone

Apple, the worldwide popular iPhone maker, is preparing to increase its presence in India’s retail sector. The company will soon launch its second store in Mumbai. This will be Apple’s sixth physical store in the country. Recently the company started its fifth store in the country in Noida.

Apple CEO Tim Cook had hinted at opening additional stores in India during the December quarter results announcement. Cook had said that the company has made a revenue record in the December quarter. Apple’s revenue in India has grown in double-digits. The company’s sales in India have increased rapidly in the last year. The company has shipped approximately 1.4 crore units of iPhone in the country. With this, Apple’s market share has increased to nine percent. In the previous year it was about seven percent. Company’s second in Mumbai Store Will be in Borivali. Apple opened its first store in Jio World Drive Mall in Bandra Kurla Complex, Mumbai. Apart from this, the company has stores in Saket, Delhi and Bangalore and Pune. Recently, it was told in a media report that the company plans to open a store in Hyderabad also.

in india Apple iPhone 17 series has received good response from customers. Apart from this, sales of iPhone 16 series also remain strong. The increase in the company’s sales is largely due to its increased presence in the retail market and easy financing options like no-cost EMI. The company has also increased its manufacturing in the country. In the last few years, the company has exported Made in India iPhones worth more than $50 billion.

iPhones are assembled in the country in the factories of Apple’s contract manufacturers Foxconn and Tata Group’s Tata Electronics. The company also plans to open a corporate office in Chennai, Tamil Nadu. In the first nine months of this financial year, the company has exported iPhone models worth about $16 billion. Last year, US President Donald Trump had imposed heavy tariffs on the import of many products including smartphones. Despite this, export of smartphones from India to America has increased.