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India: Apple map to inaugurate its first retail store in Mumbai this month

Apple Inc unveiled the accumulate of its first retail store in India on Wednesday, as loads of people rushed to salvage a stare of the store’s black and yellow art work inspired by Mumbai’s famend taxis.

The shop is composed barricaded and is expected to inaugurate this month, as per Reuters.

In 2020, the Cupertino, California-primarily based company opened an on-line retail store in India, the enviornment’s 2d-largest smartphone market.

Scope for Apple’s development in India

India is also becoming a producing hub, with Taiwanese contract electronics makers Foxconn and Wistron Corp manufacturing loads of Apple merchandise, including iPhones, within the country. Apple also intends to construct iPads and AirPods in India.

Constant with Counterpoint Be taught, Apple had a 4 per cent market share in India in 2022, within the abet of Samsung, Xiaomi, Vivo, and Oppo. Apple, on the masses of hand, reported a 35 per cent yr-on-yr amplify in shipments, owing to excessive inquire for the iPhone 12 and iPhone 13 items.

Analysts await that the Apple Store would toughen Apple’s stamp image and customer loyalty in India, to boot to attract extra builders and creators to its ecosystem.

The announcement comes bigger than two decades after the California-primarily based company originally entered the Indian market via third-celebration sellers.

Apple said in a assertion that the brightly lighted store change into “inspired by the iconic Kaali Peeli taxi art work provocative to Mumbai,” alluding to the metropolis’s decades-dilapidated yellow and black taxis.

On Wednesday evening, people had been taking photos and shooting videos on their iPhones outdoors the store, which had the Apple stamp decked out in a differ of colours and a rendition of the iconic Apple greeting that said “Hi there Mumbai.”

(With inputs from businesses)


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