Apple 4 Flagship Stores: Apple will open four more flagship stores in India in the coming months. At present, 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 increasing sales of iPhone.
Tim Cook said- iPhone sales have increased in every region, due to which new records have been created at the global level. Record high revenue has also been recorded in India.
Cook said that in the September quarter, Apple recorded global revenue of $ 94.9 billion, which is 6% more than last year. iPhone revenue alone has increased by 6%.
Apple opened 'Apple BKC' store in Mumbai on 18 April 2023 and 'Apple Saket' store in Delhi on 20 April. Apple CEO Tim Cook opened both these stores.
Chief Financial Officer Luca Maestri said that apart from iPhone, the company's iPad also created a revenue record in India. Globally it has increased by 8% year-on-year.
Luca said – In addition to growth in developed markets, we saw strong performance in several emerging markets with double-digit growth in Mexico, Brazil, the Middle East, India and South Asia.
Senior research analyst Prachir Singh said, Apple has expanded rapidly in small cities. Consumers are increasingly investing in premium smartphones. Apple remains the top choice for premium buyers due to its aspirational image.
According to Counterpoint Research, Apple now has 22% share of India's smartphone market by value, second only to Samsung. The launch of iPhone 16 before the festive season has strengthened Apple's position.
A recent report by Bloomberg said that Apple exported 'Made in India' iPhones worth $6 billion (about Rs 50,454 crore) from India in the six months between April and September.
This is one third (33%) more than the same period last year. By the end of the current financial year (2024-25), the export figure can reach 10 billion dollars (about Rs 84,086 crore).
