HIGHLIGHTS
* Apple is set to open three new retail stores in India over the course of the next few years.
* Globally, Apple is planning on opening more than 50 official stores.
* The reason behind Apple opening more stores across the globe is to build Apple’s brand in growing markets.
* Apple currently has two official stores in India.
* The first Apple Store in India opened in Mumbai’s BKC, followed by another one in Delhi’s Saket.
* Apple might open its third store in Mumbai’s Borivali area.
Apple recently opened its first official store in India. The company opened the first Apple Store in India in Mumbai’s Bandra-Kurla Complex (BKC) on April 18, followed by another one in New Delhi’s Saket on April 20. It looks like three more Apple stores are likely to open soon in India.
According to a new report, Apple is planning on expanding its retail footprint globally by opening more than 50 official stores over the course of the next four years. The company’s current pipeline shows that India will get three more official stores in the coming years.
Bloomberg’s Mark Gurman revealed that the three new Apple stores will open in Mumbai and New Delhi. The upcoming New Delhi Apple Store might well be the company’s second biggest store in India after Apple BKC.
Let’s take a look at more details about the upcoming Apple stores that are rumoured to launch soon in India.
Apple opened its first official store in India in Mumbai on April 18th and the second one in Delhi on April 20th. These stores are a major push for the company in order to mark its presence and also improve sales.
It now appears that the Cupertino giant is planning on expanding its retail footprint in India with three new stores. Apple is also planning a global expansion with more than 50 official stores. Globally, Apple is planning on opening more than 50 official stores.
More Apple Stores in India
* Three new Apple Stores will open in Mumbai and New Delhi very soon, according to Bloomberg’s Mark Gurman.
* Apple will open its third official store in Mumbai’s Borivali but the launch will reportedly take place in 2025.
* There’s an Apple Store planned for Delhi as well, and this one is said to open in DLF Promenade Mall. The current Apple Store in Delhi is located at Select Citywalk Mall.
* This upcoming Delhi Apple Store is also expected to be the company’s second biggest store in India after Apple BKC.
* As for the launch timeline, it will be even later than the Mumbai one as the Delhi Apple Store is to open in 2026.
* The following year, Apple will open another store in Mumbai’s Worli area, which will be the fifth store in the country.
In addition to opening more stores in India, Apple is also planning to expand its retail footprint globally.
The iPhone maker is planning on opening more than 50 official stores in global markets over the course of the next four years. Apple currently has more than 520 stores in 26 countries.
The reason behind Apple opening more stores across the globe is to build Apple’s brand in growing markets like India, the US, Europe, and other countries.
Although Apple’s major revenue is derived through online purchases, offline stores play an important role as customers can buy products on release days, get technical support and more, the report added.
Recent reports indicated that Apple’s two stores in India have generated billings ranging between Rs 22 to Rs 25 crores already. The Apple BKC store reportedly saw a billing of over 10 crores on the first day. This is apparently nearly Rs 2-3 crores more than what a major local electronic store makes in a month.
Faqs
1) More Apple Stores Opening Soon in India.Details?
Ans) Apple reportedly will open its third official store in Mumbai’s Borivali. The store is not opening anytime soon as the company is scheduled to open its doors in 2025. This will be followed by the fourth store in India, which will be located in the DLF Promenade Mall, New Delhi. Gurman reported that the Apple Store in DLF Promenade Mall could become the second-largest for Apple in India, after the BKC site. The second Apple Store in New Delhi is likely to open in 2026. The following year, Apple will open another store in Mumbai’s Worli area, making it the fifth store in the country.
But why does Apple want to open more stores in India and other countries? The idea is to build Apple’s brand in growth markets, such as India, while also giving consumers in the US and Europe a better experience. Apple has more than 520 stores in 26 countries. These stores are more about building Apple’s brand than selling goods. “The company gets most of its revenue from other channels, including its e-commerce site. Still, the brick-and-mortar locations serve as a key place for customers to buy products on release days, get technical support and take classes,” the report added.
Apple has witnessed significant growth in India over the past few years. The company is also expanding its manufacturing footprint in India by making more iPhones sooner in the country. Apple reportedly has partnered with the Tata Group to make the iPhone 15 series in India and export it to other countries.
The recent report also revealed that Apple’s two stores in India, which opened in the second half of April, have each generated billings ranging between Rs 22-25 crore already. The Apple BKC store reportedly saw a billing of over Rs 10 crore on the first day. This is nearly Rs 2-3 crore more than what a major local electronic store would generate in a month. Over 6,000 people went to the Apple Store in BKC on the opening day. The same was reported about the smaller Saket store.
2) Apple to open three new stores in India as part of global retail expansion strategy: Report
Ans) Apple recently opened two retail stores in India and looks like the company is planning to add three more Apple Stores in the country as part of its global retail expansion and overhaul strategy that proposes 53 new, relocated, or remodelled stores over the next four years.
Apple currently has more than 500 stores in 26 countries and around half of them are located in the US alone. According to Bloomberg’s Mark Gurman, Apple is working on plans to expand its retail footprint in Asia while overhauling its established locations in the US and Europe.
Through 2027, the iPhone maker is discussing opening 15 new stores across the Asia-Pacific region, five locations in Europe and the Middle East, and four additional outlets in the US and Canada,” Gurman reported citing people familiar with the matter.
Apple is also aiming for six revamped or relocated stores in Asia, nine in Europe, and 13 in North America, the report further said. Apple reportedly wants to give consumers in the US and Europe a better experience while building its brand in growth markets, such as India.
New Apple Store sites in India
The most notable new stores under discussion or in development include three sites in India. The iPhone maker opened Apple BKC in Mumbai as its first-ever Apple Store in India on April 18, 2023, followed by another store Apple Saket in Delhi on April 20, 2023. Both stores were inaugurated by Apple CEO Tim Cook and Apple’s Senior VP of Retail Deirdre O’Brien.
According to the report, the company plans to open a third store in India in the Borivali suburb of Mumbai in 2025. The fourth India location has been proposed to be opened in 2026 in New Delhi’s DLF Promenade Mall. This location is expected to become the second-largest for Apple in India, after the Bandra Kurla Complex site. In 2027, Apple plans to open its fifth India store in Mumbai’s Worli.
Also Read: Apple BKC opens April 18 and Apple Saket opens April 20