Apple is set to significantly enhance its retail presence in India by opening four new stores in key cities: Bengaluru, Pune, Delhi-NCR, and Mumbai.
This expansion follows the successful launch of its first two flagship stores in Delhi and Mumbai earlier this year, which have notably contributed to Apple’s revenue growth in the country.
Details of the New Stores
- Locations: The new stores will be established in:
- Bengaluru
- Pune
- Delhi-NCR
- Mumbai (another outlet)
- Timeline: While specific opening dates have not been disclosed, reports suggest these stores are likely to open in 2025.
Strategic Importance
This move underscores Apple’s commitment to the Indian market, which is one of its fastest-growing regions.
Analysts have noted that the Delhi and Mumbai markets alone account for over 20% of Apple’s business in India.
With the Indian luxury gadget market projected to reach $9 billion by 2025, Apple aims to capitalize on this burgeoning consumer base.
Manufacturing Shift
In addition to expanding its retail footprint, Apple has begun manufacturing the entire iPhone 16 lineup in India, including the premium Pro and Pro Max models.
This marks a significant shift from previous practices where only older models were produced locally.
Apple plans to increase its manufacturing output in India to account for 25% of its global iPhone production within the next few years, up from approximately 14% currently.
Quotes from Apple Executives
Deirdre O’Brien, Apple’s senior vice president of retail, expressed enthusiasm about the expansion:
“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.”
This expansion not only reflects Apple’s strategy to diversify its production away from China but also highlights India’s growing significance as a manufacturing hub for high-end technology products.
With this strategic expansion, Apple aims to solidify its position in a market ripe for growth.
