Apple has been working to expand its presence in India for some time now, but according to a recent report from the Times of India, the company is planning to open a flagship retail location in the country. The report claims that Apple plans to open a store in India similar to its iconic Fifth Avenue location, as well as a handful of smaller stores as it scouts real estate.
India March 21
India February 16
After earlier reports claiming that Apple was planning to open a new office of sorts in Hyderabad, India, today the company has confirmed to local publications that it will indeed expand in the area with a new development office planned for later this year. Apple’s statement via a report from The Economic Times is below:
India February 8
Earlier this year it was revealed that Apple is slowly making its way towards opening its own branded retail stores in India. Apple Stores in India have been a long time coming, but now it looks like they are finally getting close. Bloomberg reports that, after filing the initial paperwork last month, Apple is on track to have its request to be permitted to operate retail stores in India approved.
India February 4
In the days following Apple’s record Q1 earnings announcements, Apple CEO Tim Cook and other top Apple executives held a Town Hall meeting at the Infinite Loop headquarters in Cupertino to reveal new announcements and take attendee questions.
Multiple sources in attendance at the event said that Cook as well as newly appointed Chief Operating Officer Jeff Williams each spoke and made announcements and teases related to new employee benefits, future iPad growth, Apple Watch sales, future retail stores in China, Apple Campus 2, and the future product pipeline.
Cook also fielded questions from the audience, attempting to reduce concerns related to the company’s iPhone dependence, discussing porting more Apple services to Android, growth in India, and releasing cheaper iPhones to appease growing markets.
India January 21
According to data from Counterpoint Research, iPhone sales in India are booming. Apple reportedly shipped 800,000 units in the December quarter to the country, up from 500,000 a year ago. Apple has been aggressively promoting their phones with substantial discounts to sustain sales, given high prices for iPhone 6s in India (via Economic Times).
Even with price cuts, that 800,000 number is composed of older iPhone models too. The report indicates that iPhone 5s was responsible for 30% of the sales numbers. About half of the 800k number are made up of iPhone 6s and iPhone 6s Plus.
India January 19
Apple wanting to expand its presence in India isn’t a new development, but according to a new report from the India Times, the company has recently taken a major step in accomplishing that goal. According to the report, Apple has just filed an application with the Indian government to open its own branded retail stores in the company.