Apple Expands Footprint in India with New Retail Stores

Apple Inc. is set to enhance its presence in India by opening four new retail stores across major cities: Bengaluru, Pune, Mumbai, and Delhi-NCR. This exciting expansion is anticipated to create approximately 400 new job opportunities, bolstering Apple’s growing success in the Indian market.

As reported during Apple’s Q4 2024 earnings call, CEO Tim Cook expressed enthusiasm about the new stores, stating, > “We can’t wait to bring four new stores to customers in India.” This strategic move is part of Apple’s broader strategy, which has seen impressive revenue growth in the region. The company has witnessed unprecedented revenue results, with a record high achieved in India during the September quarter.

Apple’s success in India can be attributed in part to the booming sales of its iPhones, which have significantly contributed to an overall revenue spike. In fact, Apple recorded an all-time earnings of $46.2 billion specifically from iPhone sales, a remarkable jump from $43.8 billion in the previous year’s quarter. Moreover, fiscal year 2024 saw the assembly of $14 billion worth of iPhones in India, doubling the previous year’s output. This solidifies India’s role as a crucial manufacturing hub for Apple.

Apple’s growing presence in India is set to reshape the tech landscape.

The new retail outlets will not merely enhance customer access to Apple products, but they also echo the tech giant’s commitment to investing in India. Existing stores, particularly in Mumbai’s BKC and Delhi’s Saket, have made impressive strides, generating about Rs 800 crore in their first year of operations. Such figures underscore the remarkable demand for Apple products in the region.

CFO Luca Maestri elaborated on Apple’s overall performance, highlighting the company’s resilience in achieving “double-digit growth” not just in India but across South Asia. The iPad segment also shined, generating $7 billion in revenue globally, marking an 8% increase year-over-year. This strong performance in various segments has propelled Apple’s overall revenue for the September quarter to $94.9 billion, a 6% increase from the previous year and a new record for that period.

Apple’s expansion plan, combined with its impressive financial results, showcases the vibrant potential of the Indian market. As this tech giant continues to grow its presence, consumers can expect enhanced availability of services and products, along with job creation that could further stimulate the local economy.

With the new stores on the horizon, Apple fans in India have much to look forward to. These planned outlets signify not simply a retail expansion, but also a broader shift in how tech companies view India’s vast customer base and manufacturing capabilities. As the company marches ahead, the anticipation around its new stores builds, marking an exciting chapter in Apple’s journey in one of the world’s emerging technology markets.

Apple’s market growth reflects a robust demand for their products in India.