Apple stores in Delhi and Mumbai rise to the top of the global performance rankings: ₹ 210–210 crore in income during the most recent fiscal year; three new Apple stores are set to open in India.
Apple's two official stores in India, located in Mumbai and Delhi, have performed the best among all the company's stores around the world. According to reports, Apple's Mumbai and Delhi stores each recorded a revenue of Rs 190-210 crore in the last financial year. With this, Mumbai and Delhi stores have become the top-performing retail outlets of the world wide company. Mumbai-Delhi stores have consistently recorded monthly average sales of ₹16-17 crore. According to Economic Times sources, 'The company's Mumbai and Delhi stores have consistently recorded monthly average sales of ₹16-17 crore since their launch. . Due to its larger size, the revenue of the Mumbai store has been slightly higher than that of the Delhi store. Apple will open three new official stores in Pune, Bengaluru and Noida. Sources said, 'Both Apple stores in India have met the company's expectations. Now the company is looking for space to open its next three new official stores in India. Two industry executives confirmed that the company will now open two new stores in Pune and Bengaluru. Apple's second outlet will be opened in Noida, NCR. These three stores will be opened in big malls. Apple's Mumbai and Delhi stores complete one year An executive said that Apple was waiting for both its stores in Mumbai and Delhi to complete one year of operation before finalizing further expansion plans in India. It has been a year since both the stores 'Apple BKC' in Mumbai opened on 18th April and 'Apple Saket' in Delhi on 20th April. Apple CEO Tim Cook had inaugurated both these stores.
Even two outlets won't satisfy Apple in a market the size of India.
According to the CEO, Apple won't be content with only two locations in a market like India. The business intends to grow in India. The company intends to launch its high-end mixed-reality headset, the Apple Vision Pro, in India shortly, the official added.
It is anticipated that the business will be able to showcase it during the June WWDC developer conference. Apple hasn't released a remark regarding these reports, though.
Apple is making India a major priority.
India is the second-biggest smartphone market in the world, thus Apple is paying close attention to this country. due to the difficulties Apple is presently having in important areas like China and America.
The company's plan to expand its market share in India includes the opening of the store.
The business is growing its regional production facilities for both internal and international markets. One of the main components of the company's market expansion strategy in India has been the opening of Apple Stores. Ever since launching stores in India, Apple has experienced double-digit revenue increase every quarter.
One of Apple's strategies to grow its market share and volume in India is the opening of retail locations. Apple wants to increase its market share of smartphones to double digits as soon as feasible, starting in 2023 at roughly 7%.