Apple Opens First Store in India to Attract New iPhone Users
By James Pebenito • April 21, 2023
Apple Opens First Store in India to Attract New iPhone Users
The opening of Apple’s first store in India demonstrates the company’s commitment to entering the Indian market and attracting a new generation of iPhone consumers. The Apple BKC store is located in Mumbai, one of the most populous cities in India. Apple intends to open a second store in Delhi’s capital on Thursday.
Tim Cook, Apple’s chief executive officer, has long held an optimistic view of India, describing it as a “great opportunity” for the company. The company is increasing sales and production of its flagship iPhone in the country, which has a population of over 1.3 billion and is a critical growth market for technology companies.
Previously, Apple products were only available in India through authorized resellers and e-commerce platforms; however, the new retail stores will enable Apple to establish a stronger presence in the country and provide a more hands-on experience with its products.
As Apple confronts saturation in other markets and seeks new growth opportunities, India has become an increasingly vital market for the company. Despite the global pandemic, India’s smartphone market grew 13% year-over-year in 2020, according to market research firm Counterpoint, and is expected to continue growing in the future years.
Apple Boosts iPhone Sales and Manufacturing in India
Apple has been attempting to strengthen its position in India by establishing a manufacturing facility to produce iPhones for the domestic market. Additionally, the company has been working to reduce the price of its devices in India, where they are frequently deemed too costly for the average consumer.
Apple confronts stiff competition in India from market-leading smartphone manufacturers such as Samsung, Xiaomi, and Vivo. However, Apple’s reputation for quality and innovation could help it penetrate the Indian market and attract a new generation of consumers.
The inauguration of Apple’s first retail stores in India represents a significant milestone for the company and underscores the increasing significance of the Indian market. In the future years, it will be fascinating to observe Apple’s fortunes in India as the company continues to increase its presence and invest in local manufacturing.