Apple recently received a warm welcome when it opened its first retail locations in India. India’s increasing significance in the company’s ecosystem was solidified by the opening of Apple BKC in Mumbai and Apple Saket in Delhi.
In-depth details on Apple plans for Three more Apple stores in India
According to Bloomberg, the internet giant is currently in discussions to add three more locations over the next four years.
Apple has long ignored the Indian market. The company’s growing troubles with China, its primary manufacturing market, have raised India’s appeal as a competitive option.
Apple’s multifaceted strategy to expand its presence in the nation includes opening more retail locations. In order to strengthen India’s position in its supply chain, the company is also collaborating with its manufacturing partners.
According to reports, Apple’s third store will be located in the Borivali district. It might arise as early as 2025.
In 2026, the business intends to open its fourth physical location at the DLF Promenade Mall. After Apple BKC, it is anticipated to be Apple’s second-largest shop in the nation.
The fifth store, scheduled to open in 2027, will probably be close to Worli beach.
Three additional outlets in India make a lot of sense from Apple’s perspective. Particularly in light of the popularity of its first two outlets.
The two outlets reportedly made between Rs. 22 and Rs. 25 crore in monthly sales each, according to the Economic Times. This is more than twice what any electronics store in India makes outside of Diwali.
Apple’s perception of India is clearly demonstrated by the success of Apple BKC and Apple Saket. In the nation, Apple has had two straight quarters that set records.
Apple’s strategy to use India as a production hub complements the country’s expanding retail network. Foxconn, the largest supplier to Apple, recently bought 300 acres of property near Bengaluru to build a facility.
The plant will be used by the Taiwanese contract manufacturer to produce 20 million phones annually. This will increase India’s contribution to the supply of iPhones.
