Apple is gearing as much as increase its retail footprint in India later this 12 months, CEO Tim Prepare dinner confirmed through the firm’s latest earnings name. The transfer is aimed toward strengthening Apple’s place in one among its fastest-growing markets by providing extra bodily touchpoints for patrons to expertise its full product lineup. The Cupertino-based firm registered robust income development within the April-June (Q3) quarter of this 12 months, with iPhone income surging practically 13 %.
New Apple Shops Are Opening Quickly in India
In the course of the earnings name on Thursday, Apple CEO Tim Prepare dinner revealed the corporate’s plans to open additional retail stores in new locations earlier than the top of the 12 months. He famous that Apple continues to see alternatives in rising markets to achieve and interact with extra prospects via its retail presence.
“We not too long ago launched the Apple Retailer on-line in Saudi Arabia, and we could not be extra excited to open new shops within the UAE and India later this 12 months”, Prepare dinner stated. “We had been additionally delighted to welcome prospects in Japan to a brand new location within the coronary heart of Osaka,” he added.
Prepare dinner did not reveal particular opening dates, retailer places, or additional details about the upcoming Apple shops in India. Nonetheless, in Could, a report indicated that Apple was planning to open four new retail shops in India. It’s stated to launch new shops at Sky Metropolis Mall in Borivali, Mumbai, and Phoenix Mall of Asia in Yelahanka, Bengaluru. The corporate has reportedly been recruiting staff for these shops over the previous few months. Extra places are stated to incorporate Kopa Mall in Pune and DLF Mall of India in Noida.
The enlargement is prone to strengthen Apple’s footprint in one among its fastest-growing markets. New shops would provide extra prospects direct entry to Apple’s lineup of merchandise, like iPhone fashions, iPad, Mac, and Apple Watch. Apple opened its first-ever retail store in India in 2023 in Mumbai (Apple BKC), adopted by Delhi (Apple Saket). The iPhone maker expanded its retail presence into Saudi Arabia final month with the launch of its on-line retailer and app.
Notably, within the third quarter of this 12 months, Apple reported $94.04 billion (roughly Rs. 8.22 lakh crore) in income, up practically 10 % from a 12 months earlier. iPhone registered a robust 13 % year-over-year development within the quarter ended June. Mac gross sales surged 15 % YoY whereas the subscription section grew 13 %.