Apple to Open Stores in Bengaluru, Mumbai, Pune & Noida: Report
In a significant move, Apple is planning to expand its retail presence in India by opening new stores in Bengaluru, Mumbai, Pune, and Noida, according to reports. This development comes as a part of the tech giant’s strategy to increase its market share in the Indian smartphone market. As of now, India has only two Apple stores, one in New Delhi and the other in Mumbai. The new stores are expected to be operational by 2025.
The news was confirmed by Tim Cook, Apple’s CEO, during an interview with Bloomberg. Cook mentioned that the company is planning to open new stores in India and that the process is already underway. The tentative locations for the new stores include Bengaluru, Mumbai, Pune, and Noida, although the exact addresses have not been disclosed yet.
Apple’s decision to expand its retail presence in India is seen as a strategic move to tap into the country’s rapidly growing smartphone market. India is one of the fastest-growing smartphone markets in the world, with a projected growth rate of 12% in the next few years. The country’s population is young and tech-savvy, making it an attractive market for Apple to increase its sales.
The new stores will provide customers with a unique shopping experience, showcasing Apple’s latest products and services. The stores will also offer a range of services, including device repairs, software updates, and expert advice from trained Apple representatives.
Apple’s expansion plans in India are not limited to retail stores. The company is also planning to shift the production of iPhones for the US market from China to India by 2026. This move is seen as a significant step towards reducing Apple’s dependence on Chinese manufacturing and increasing its presence in the Indian market.
The shift in production is expected to create a significant number of jobs in India, both directly and indirectly. Apple has already partnered with Foxconn, one of the largest contract manufacturers in the world, to set up a manufacturing facility in India. The facility is expected to start production in the next few years, with plans to manufacture iPhones for both the Indian and US markets.
Apple’s expansion plans in India are a significant development for the country’s technology industry. The company’s presence is expected to attract more investment and talent to the country, creating a positive impact on the economy.
In conclusion, Apple’s decision to open new stores in Bengaluru, Mumbai, Pune, and Noida is a significant move that will increase its retail presence in India. The company’s plans to shift production of iPhones for the US market from China to India by 2026 are also a significant development that will create jobs and increase its presence in the Indian market.
