Amid Rising Sales, Apple To Open 4 New Retail Stores In India

Amid Rising Sales, Apple To Open 4 New Retail Stores In India

SUMMARY

The iPhone maker is planning to set up four new stores in Bengaluru, Pune, Delhi NCR, and Mumba

Apple has also said that it has now started the production of the complete range of its latest iPhone16 in India

The company also plans to increase its workforce in the country from its current 3,000 employees

In a bid to further strengthen its presence in the Indian market, tech giant Apple has reportedly unveiled plans to open four more retail stores in the country. 

According to a report by Moneycontrol, the iPhone maker is planning to set up the new stores in Bengaluru, Pune, Delhi NCR, and Mumbai. 

The timeline for this expansion is yet to be discerned. As of now, Apple operates two retail stores in India – one in Delhi’s Saket and the other in Mumbai’s BKC. 

“We’re thrilled to build our teams as we plan to open more stores in India because we’re inspired by the creativity and passion of our customers across this country. We can’t wait for them to have even more opportunities to discover and shop for our amazing products and services and connect with our extraordinary, knowledgeable team members,” the publication quoted Apple’s senior VP of retail Deirdre O’Brien as saying. 

Further, the company has also reportedly started the production of the complete range of its latest iPhone16 in India. The tech major launched iPhone 16 last month. 

The company also plans to increase its workforce in the country from its current 3,000 employees. Earlier in August, reports said that Apple’s India ecosystem could potentially employ 6 Lakh workers by the end of the current fiscal year (FY25) directly. 

The development came about a month after it was reported that Tata Electronics is set to launch its second iPhone assembly unit in India. The factory, which will see Tata Electronics commit an INR 6,000 Cr, is expected to be set up in Hosur district in Tamil Nadu. 

The company’s shift of operations to India have seen it establish a significant supply chain in the country. As of now, 1 in 7 iPhones are manufactured in India and Apple is also domestically sourcing components for the phones. Apple aims to manufacture 25% of all its iPhones in India over the next 3-4 years, up from the current 14%.

Apple’s India focus seems to be paying off as the company has realised tremendous gains from its investment in the country. For the June quarter, Apple CEO Tim Cook said that the company set a revenue record in the country. According to reports, Apple’s annual sales from the country stood at nearly $8 Bn for the 12 months ended March 2024, up 33% from the $6 Bn sales reported in the previous year.

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
UNLOCK 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
UNLOCK 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Amid Rising Sales, Apple To Open 4 New Retail Stores In India-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Amid Rising Sales, Apple To Open 4 New Retail Stores In India-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Amid Rising Sales, Apple To Open 4 New Retail Stores In India-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Amid Rising Sales, Apple To Open 4 New Retail Stores In India-Inc42 Media
Amid Rising Sales, Apple To Open 4 New Retail Stores In India-Inc42 Media
You’re in Good company