BENGALURU, April 5 (Reuters) – Apple Inc (AAPL.O) is ready to open its first official retail retailer in India’s monetary hub of Mumbai, the iPhone maker mentioned on Wednesday.
The Cupertino, California-based firm launched an online retail store in India in 2020. Its 2021 plans for the launch of an offline retail retailer within the nation had been delayed because of the COVID-19 pandemic.
Apple merchandise have been offered in India for years on ecommerce platforms resembling Amazon.com Inc (AMZN.O) and Walmart Inc’s (WMT.N) Flipkart in addition to by resellers.
India is the world’s second-largest smartphone market, with almost 700 million smartphone customers.
Some merchandise in Apple’s catalogue, together with iPhones, are assembled in India by Taiwanese contract electronics producers Foxconn (2317.TW) and Wistron Corp (3231.TW).
Around $9 billion value of smartphones had been exported from India between April 2022 and February this yr, and iPhones accounted for greater than 50% of that, in response to the India Cellular and Electronics Association.
Apple additionally plans to assemble iPads and AirPods in India.
Reporting by Varun Vyas in Bengaluru; Editing by Rashmi Aich
Our Standards: The Thomson Reuters Trust Principles.
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