Apple is ready to expand its retail footprint in India later this year, CEO Tim Cook confirmed the company’s recent earnings call. The move aims to strengthen the position of Apple in one of its fastest growing markets by offering more physical touchpoints to customers to experience its full product lineup. The Cupertino-based company recorded a strong revenue growth in this year’s April-June (Q3) quarter, with the iPhone revenue by nearly 13 percent.
New Apple stores are opening soon in India
During earnings call on Thursday, Apple CEO Tim Cook revealed the company’s plan to open the plan Additional retail reserves in new places Before the end of the year. He said that Apple continues to look at opportunities in emerging markets to arrive with more customers through its retail appearance.
“We have recently launched the Apple Store online in Saudi Arabia, and we may not be more excited to open new stores in UAE and India later this year”, Cook said. He said, “We were also happy to welcome customers in Japan at a new place in Osaka’s heart.”
Cook did not disclose much information about specific opening dates, store locations, or upcoming Apple Store in India. However, in May, a report indicated that Apple planned to open four new retail stores in India. It is said that they are asked to launch new outlets at Borivali, Sky City Mall in Mumbai and Yelhanka in Phoenix Mall in Asia, Bengaluru. The company has been allegedly recruiting employees for these shops for the last few months. Additional places have been included in Copa Mall in Pune and DLF Mall in India in Noida.
Apple is likely to strengthen the footprint of Apple in one of the fastest growing markets of expansion. The new stores will provide more customers directly access to the lineup of apple of products such as iPad, MAC and Apple Watch. Apple opened its first retail store in India in Mumbai in 2023, followed by Delhi (Apple SAKET). The iPhone manufacturer expanded its retail appearance in Saudi Arabia with the launch of his online store and app last month.
In particular, in the third quarter of this year, Apple reported $ 94.04 billion (about 8.22 lakh crore rupees) in revenue, which was about 10 percent from a year ago. The iPhone recorded a 13 percent increase year after year in the quarter ended June. Mac sales increased by 15 percent while membership segment increased by 13 percent.
