Home » Business » Apple stores opening in India soon, says Tim Cook; iPhone sales in India up 51%
Last updated: July 28, 2016 at 10:44 am

Apple stores opening in India soon, says Tim Cook; iPhone sales in India up 51%

When the local sourcing norms in India were relaxed, Apple and Xiaomi were more than elated to open their own retail stores in the country. Now that Apple can open its stores in India, Tim Cook has confirmed that the development is on track, despite the global slump in iPhone sales.

Local Sourcing Norms Relaxed, Flood Gates Open for Apple, LeEco & Xiaomi!
Local Sourcing Norms Relaxed, Flood Gates Open for Apple, LeEco & Xiaomi!

At the Apple Q3 2016 earnings call, the company posted quarterly revenue of $42.4 billion and quarterly net income of $7.8 billion. Compared to a year ago, the net revenues and profits have declined across the globe, except in India. Here, the company has seen a 51% rise in iPhones sales, whereas China has been a disappointment.

“India is now one of our fastest growing markets. In the first three quarters of this fiscal year, iPhone sales in India were up 51 percent year-on-year. We’re looking forward to opening retail stores in India down the road and we see huge potential for that vibrant country,” Tim Cook, CEO – Apple, said in a statement.

Is Apple finally taking India seriously?

When all other countries have shows a decline in iPhone sales, India is the only country to see an increase in iPhone sales. You might call India a late bloomer, or a premium-phone lover but this country has become a very important place for Apple.

At the moment Apple products are sold through authorised resellers in India, which are not entirely owned by Apple. When Apple sets up its own retail store in India, it will have the full authority to sell its product directly to consumers. This, Apple sees, will further improve the sales and user’s shopping experience.

There was a time when the latest iPhones were launched almost 6 months after the global launch, and India was pretty much the third-world country for Apple. Fast-forward 3-4 years, and India has become almost as important as China. The manufacturing business is booming and there is so much potential in India companies usually overlook.

You will soon be seeing Apple’s own stores sprouting up around you in major cities. This will also eventually lead Apple to starting its manufacturing business in India. We hope all this leads to cheaper iPhones that are priced at par with their global counterparts.

Source: Cnet

Add Comment

Click here to post a comment

Indian Startup Funding & Investment Chart 2017

Check out our Youtube Channel!

[Hindi] Orkut's Successor HELLO Network Comes to India!

In August 2016, Orkut’s founder Orkut Büyükkökten came up with a new social network to connect …

How to Make Voice Calls With JIO SIM on Older iPhones (5S, 5, 4S, 4)

Here is a quick video that shows how you can make voice phone calls from JIO SIm card using older ip…

[Hindi] What is a RANSOMWARE | How Does It Infect a Computer?

In this quick, short video, we explain you in Hindi what is a Ransomware and how does it infect your…

[Hindi] NOKIA 3310 @ Rs. 3310 | 5 Reasons You SHOULD Buy, 4 Reasons You SHOULD NOT

So, in this video (in Hindi) I give you 5 reasons you should buy a newly launched much talked about …

Subscribe to Our Youtube Channel

who's online

Send this to a friend