Apple will open four more flagship stores in India in the coming months. Currently, Apple has one store each in Mumbai and Delhi. Company CEO Tim Cook announced this during the quarterly results. The company has taken this decision due to increase in sales of iPhone.
Tim Cook said – iPhone sales have increased in every region, setting new records globally. Record high income has also been registered in India.
Cook said Apple reported global revenue of $94.9 billion in the September quarter, up 6% from last year. iPhone revenue alone rose 6%.
Apple currently has 2 stores in India Apple opened an 'Apple BKC' store in Mumbai on 18 April 2023 and an 'Apple Saket' store in Delhi on 20 April. Apple CEO Tim Cook inaugurated both these stores.
iPad revenue increased by 8% Chief Financial Officer Luca Maestri said that apart from the iPhone, the company's iPad has also set a revenue record in India. Globally it grew by 8% year-on-year.
Luca said – In addition to growth in developed markets, we saw strong performance in some emerging markets with double-digit growth in Mexico, Brazil, the Middle East, India and South Asia.
Apple expanded rapidly in small towns Senior research analyst Prachir Singh said that Apple has expanded rapidly in smaller cities. Consumers are increasingly investing in premium smartphones. Apple remains the top choice for premium buyers due to its aspirational image.
Apple has a 22% share of the smartphone market in India According to Counterpoint Research, Apple now has a 22% share of India's smartphone market, second only to Samsung. The launch of iPhone 16 ahead of the festive season has boosted Apple's position.
Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).
