Apple CEO Tim Cook has made a big announcement. The company will open four new Apple Stores in India. So far there are only two Apple stores in India that have opened recently. One of them is in Mumbai, while the other is in Delhi. After the official Apple Store opens in India, the market presence is expected to increase here.
Apple CEO Tim Cook said during the earnings call: “We have opened two official stores in India and we are very excited to open four new Apple Stores for Indian customers.”
Notably, Apple generated record revenue in the third quarter of 2024. Tim Cook has said that iPhone sales have increased rapidly around the world and this is a world record.
It is worth noting that the company is also benefiting from the iPad and iPad sales have also been higher than before. The company has seen 8% year-on-year growth in the iPad segment.
The company’s local presence will increase with the opening of four new Apple Stores in India. Because for a long time there was not even a single Apple Store in India. Let us tell you that Apple sells in the offline market in two ways. One company is the official Apple Store, while the other is the company’s authorized reseller. There are now two Apple stores in India, but most people rely solely on Apple-authorized stores.
The company’s official stores are quite different from Apple Authorized Stores. Apple has its own employees in the Apple Store and the user experience is especially taken care of here.
What is interesting is that now Apple’s market share is increasing in India. The company claims that in terms of value it has a 22% share, only behind Samsung. iPhones sell a lot during the festival season, especially older iPhones that have become cheaper sell more.
