Apple to Open Stores in Bengaluru, Mumbai, Pune & Noida: Report
In a significant development, Apple is planning to expand its retail presence in India by opening new stores in Bengaluru, Mumbai, Pune, and Noida, according to a recent report. This move comes as a part of the company’s efforts to increase its market share in the Indian smartphone market, which is one of the fastest-growing in the world.
Currently, India has only two Apple stores, one in New Delhi and the other in Mumbai. However, with the new stores set to open in the coming years, Apple fans in Bengaluru, Mumbai, Pune, and Noida will have access to the latest products and services from the tech giant.
The report, which was published in a leading financial newspaper, cites Apple’s CEO Tim Cook as saying that the company plans to open the new stores in India in 2025. Cook made the announcement during a recent event, where he also highlighted the company’s plans to shift the production of iPhones for the US market from China to India by 2026.
Apple’s decision to expand its retail presence in India is seen as a strategic move to tap into the country’s rapidly growing middle class, which is increasingly looking for premium smartphones and electronics. India is currently home to over 500 million smartphone users, with the number expected to reach 900 million by 2025. With its premium offerings and strong brand reputation, Apple is well-positioned to capitalize on this growth.
The company has been investing heavily in India in recent years, with a focus on expanding its manufacturing capabilities and strengthening its distribution network. In 2019, Apple opened its first retail store in India, which was located in the country’s capital city, New Delhi. The store was a huge success, with Apple reporting a significant increase in sales and customer engagement.
In addition to its retail expansion, Apple 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 shift in the company’s global supply chain, and is expected to create thousands of new jobs in India.
The decision to shift production to India is likely driven by a combination of factors, including the country’s large and young workforce, competitive labor costs, and favorable business environment. India has been actively courting foreign investors, with the government introducing various policies and incentives to attract companies like Apple.
Apple’s plans to expand its retail presence and production capabilities in India are likely to have a significant impact on the country’s economy. The company’s investment will create jobs and stimulate local economic growth, while also providing consumers with access to high-quality products and services.
In conclusion, Apple’s decision to open new stores in Bengaluru, Mumbai, Pune, and Noida is a significant development for the Indian smartphone market. The company’s plans to shift production to India by 2026 will create jobs and stimulate local economic growth, while also providing consumers with access to high-quality products and services.
