Apple’s Exclusive Stores in India: Record Sales in the First Month
Apple, the tech giant, opened its two exclusive stores in India in April, one in Mumbai and the other in Delhi. The company has earned a whopping Rs 50 crore ($6.7 million USD) in the first month from both the stores. This is a significant achievement for the company as the sales figures are generally not seen even during the festival season in India.
Key Highlights:
– Apple has opened two exclusive stores in India, one in Mumbai and the other in Delhi.
– The stores have earned a record-breaking Rs 50 crore ($6.7 million USD) in the first month.
– Apple’s India store has become India’s largest electronics retail store in terms of sales.
– Apple’s Mumbai store had a sale of Rs 10 crore ($1.3 million USD) on the very first day of opening.
– The CEO of Apple himself came to India for the opening of the Mumbai store.
Both the stores of Apple, Delhi and Mumbai, have sold Rs 25 crore ($3.3 million USD) each in the first month. This has created a new record as Apple’s India store has become India’s largest electronics retail store in terms of sales. The opening of the stores has proved to be very beneficial for the company.
On April 18, Apple inaugurated its exclusive store at Jio World Tower in Mumbai. The CEO of the company himself came to India on the occasion of this opening. After the mega opening of the Apple store in Mumbai on 18 April, the Apple store was inaugurated in Saket, Delhi on 20 April. Apple’s Mumbai store had a sale of Rs 10 crore ($1.3 million USD) on the very first day of opening, which is more than the sales of any retail store in India.
This achievement by Apple has proved that the Indian market is crucial for the company’s growth. Apple has been trying to expand its presence in India for a long time, and the opening of these stores is a significant step towards that goal. The company has also started manufacturing some of its phones in India to reduce the prices and make them more affordable for the Indian market.
In conclusion, the opening of Apple’s exclusive stores in India has proved to be very successful for the company. The sales figures are a testament to the fact that the Indian market is crucial for Apple’s growth. With the manufacturing of some of its phones in India and the opening of these exclusive stores, Apple is taking the right steps towards expanding its presence in India.
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