Apple is ready to increase its retail footprint in India later this year, CEO Tim Cook confirmed during the company’s recent revenue call. The move is aimed at strengthening Apple’s position in its fastest growing markets by offering more physical touch points to experience more physical touch points to consumers. The Caprotino -based company registered a strong increase in revenue in April to June (Q3) quarter of this year, with the iPhone revenue increased by about 13 %.
Apple’s new stores are opening in India soon
During the earnings call on Thursday, Apple CEO Tim Cook revealed plans to open additional retail stores at the company’s new locations before the end of the year. He noted that Apple is seeing opportunities to reach and engage with more and more consumers through its retail presence in emerging markets.
“We recently launched the Apple store online in Saudi Arabia, and we can’t be excited to open new stores in the United Arab Emirates and India later this year,” Cook said. He added, “We were happy to welcome consumers in Japan to a new location in the Osaka center.”
Cook did not disclose specific opening dates, store locations, or more information about Apple stores coming to India. However, in May, a report indicates that Apple is planning to open four new retail stores in India. It is said that Boroyali, Mumbai, and Asia’s Phoenix Mall will launch new outlets in Sky City Mall in Bangalore, Bangalore. The company has been allegedly recruiting staff for these stores in the past few months. Additional places are said to include Kappa Mall in Pune and DLF Mall of India in Noida.
It is likely that one of its fastest growing markets will strengthen Apple’s image. New stores will provide more users direct access to Apple product lineup, such as iPhone models, iPads, Mac, and Apple Watch. Apple opened its first retail store in India in Mumbai (Apple BKC) in 2023, followed by Delhi (Apple Skate). The iPhone maker extended its retail presence in Saudi Arabia last month with the launch of its online store and app.
In particular, in the third quarter of this year, Apple increased by about 10 % over a year ago, Apple reported $ 94.04 billion (about Rs 8.2 million crores) in revenue. The iPhone registered a 13 percent strength in the quarter of June. Mac sales increased by 15 % while the subscription segment increased by 13 %.
