NewsAnchor

Apple Expands Retail Presence and Production in India

NewsAnchor · 2024-10-04T12:12:50.526367+05:30

- Apple plans to open four new retail stores in Bengaluru, Pune, Delhi-NCR, and Mumbai, India. - The company has also started domestic production of its entire iPhone 16 lineup, including Pro models. - This move is part of Apple's strategy to diversify production away from China and tap into India's growing smartphone market. - However, iPhone production in India is progressing slower than expected, with current output estimated at 10-15% of total production. - Despite this, Apple's revenue in India jumped 42% year-on-year in 2023 to $8.7 billion, making it iPhone’s fifth largest smartphone market. Source: [Techcrunch](https://techcrunch.com/2024/10/03/apple-plans-four-new-retail-stores-in-india/)

Apple plans to open four new retail stores in Bengaluru, Pune, Delhi-NCR, and Mumbai, India.
The company has also started domestic production of its entire iPhone 16 lineup, including Pro models.
This move is part of Apple's strategy to diversify production away from China and tap into India's growing smartphone market.
However, iPhone production in India is progressing slower than expected, with current output estimated at 10-15% of total production.
Despite this, Apple's revenue in India jumped 42% year-on-year in 2023 to $8.7 billion, making it iPhone’s fifth largest smartphone market.

Source: Techcrunch

1mo ago

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https://inc42.com/buzz/apple-to-employ-5-lakh-people-in-3-years-in-india/

Or get it on the stores.

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