Apple Prepaering to Open New Retail Stores in India, CEO, Tim Cook Reveals

Apple, a American devices maker popular iPhone worldwide, plans to open new retail stores in India soon. The company’s CEO, Tim Cook recently gave this information during the announcement of the company’s results. This will make it easier for Apple to increase its sales in India.

Cook had said that the company plans to open new retail stores by the end of this year. He said that Apple is seeing opportunities to reach more customers by increasing their retail presence in Emerging Markets. Cook had reported, “We have recently launched Apple Store in Saudi Arabia. We are excited to start new stores in India and United Arab Emirates by the end of this year. We are happy to welcome customers at a new location of Osaka in Japan.” However, Cook has not given the locations of new stores or any other information.

Apple sales in India have increased rapidly over the years. The company opened two retail stores in the country about two years ago. Earlier this year, Cook had said that the company plans to open four new stores in the country. The company’s current stores are in Delhi and Mumbai. Recently, a media report stated that Apple plans to open new stores in Sky City Mall in Borivili, Mumbai and Finix Mall of Asia in Bangalore. Two stores of the company can also be opened in Noida’s DLF Mall of India in Uttar Pradesh and Kopa Mall in Pune.

India has the highest shipment of iPhone 16 in the second quarter of this year in the second quarter of this year. In the second quarter, the segment of the Ultra-Permina smartphone (a price of more than Rs 45,000) has increased by about 37 percent on a year-by-year basis. Apple and South Korean smartphone maker Samsung has retained its strong position in this segment. No-cost EMI offers, trade-in programs and special summer discounts are the main reasons behind the increase in sales of these companies.