Apple Stores Stories July 20

AAPL: 99.96

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We’ve been hearing conflicting reports on whether or not Apple will be allowed to open retail stores in India ever since Tim Cook met with Prime Minister Narendra Modi last September. A new Bloomberg report suggests that Modi may be about to finally give the go-ahead.

While India is currently a very small market for Apple, Cook has repeatedly described the country as the next China. The huge population and growing middle-class means that India has enormous future potential for Apple, but a law has so far prevented the company from opening official Apple Stores there …

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Apple Stores Stories June 20

AAPL: 95.10

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Opening Apple Stores in India has been something of a challenge for the company. The law normally requires companies to manufacture at least 30% of their products within India before they can open a single-brand store under a Foreign Direct Investment (FDI) rule, but TNW is reporting that a decision to liberalize the FDI deal will finally provide the go-ahead for Apple Stores.

Apple will likely be allowed to avoid sourcing products locally for eight years – three years as per the new norms and an additional five years if it can prove it deals in ‘state-of-the-art’ and ‘cutting-edge’ technology that’s unavailable in the country.

If confirmed, the ruling will be an important one for Apple, which Tim Cook has described as the next China. An eight-year deal does, however, seem unlikely …

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Apple Stores Stories June 10

AAPL: 98.83

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Thieves dressed as Apple Store staff have stolen a total of $66,000’s worth of iPhones in two separate thefts at retail stores in New York. Apple’s Upper West Side store was targeted back in March, when 67 iPhones worth almost $50k were stolen, followed by the theft of 19 phones worth $16k from the SoHo store last week.

Police now believe that the same thieves may be responsible for both. The criminals seemed to have done their research well, notes Gizmodo

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Apple Stores Stories May 30

AAPL: 100.35

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Apple Stores Stories May 20

AAPL: 95.22

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Apple Stores Stories May 11

AAPL: 92.51

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