Apple intensifies its retail business layout in India! The first store in Bangalore is about to open
Apple will open its latest store in Bangalore, India, marking its expansion in the Indian retail business. This is Apple's third offline store in India, selling a full range of products including the iPhone 16 series and MacBook Pro. Although the Indian market contributes relatively little to Apple's revenue, CEO Tim Cook believes the country has enormous growth potential. Apple's revenue in India is expected to grow by over 30% in fiscal year 2024, reaching $8 billion
According to Zhitong Finance APP, Apple (AAPL.US) is about to open its latest store in India, which is part of the company's ongoing expansion of its retail business in the country. It is reported that Apple Hebbal will open on September 2 in Bangalore. This will be Apple's first store in southern India and the third offline store in India after Mumbai's Apple BKC and Delhi's Apple Saket. The store will sell Apple's full range of products, including the iPhone 16 series, MacBook Pro with M4 series chips, iPad Air supporting Apple Pencil Pro, and Apple Watch Series 10, as well as accessories like AirPods 4 and AirTag.
According to data from market research firm Counterpoint, there are over 700 million smartphone users in India, with Apple iPhone users accounting for 5%. Although the Indian market contributes far less to Apple's revenue compared to the United States and China, Apple CEO Tim Cook has stated that this country, which has the largest population in the world, holds significant growth potential. As of the fiscal year ending March 2024, Apple's revenue in India has grown by over 30%, reaching $8 billion, with the vast majority coming from iPhone sales.
For years, Apple has been striving to attract more Indian consumers. In India, products like the iPhone, iPad, and MacBook have become symbols of high prices, and many people still cannot afford them. To address this, Apple has launched a series of initiatives, including partnerships with banks to offer interest-free installment purchase plans, student discounts, and free engraving services for certain products.
At the same time, Apple is also continuously expanding its iPhone production capacity in India. Currently, India accounts for over one-fifth of the global iPhone production capacity, and before the release of the next-generation models, Apple has completed the production of all four models of the iPhone 17 series in this South Asian country
