“Apple offline store in India will be present in Mumbai but it won’t be ready by the end of this year”
Apple online store in India will reportedly begin its operations starting Q3 2020, TechCrunch has reported. News about Apple trying to start its own online store in India dates back to 2017, but the company has been unable to begin online sales. In August 2019, the company said that it is waiting to begin its online and in-store operations with the same experience that it offers across the globe. Sources claim that the Cupertino giant is still working on the logistics for setting up the store with July and September quarter as the new tentative deadline.
Furthermore, Apple’s CEO, Tim Cook could come down to India for the announcement, said sources. As for the offline store in India, it will be present in Mumbai but won’t be ready by the end of this year. The Indian government has eased the sourcing norms for single-brand retailers back in 2019, allowing brands like Apple to set up stores in the country. In its current form, Apple products are available through partnered-third-party offline trailers and e-commerce platforms such as Amazon, Flipkart and Paytm. But it isn’t happy with the way the e-commerce platforms are offering heavy discounts on iPhones and other products to boost their GMV metrics, the report added.
Apple iPhone sales in India grew 6 percent in 2019, compared to a 43 percent decline in 2018, according to Counterpoint. Earlier today, the company reported a revenue of $91.8 billion for the quarter that ended in December 2019 and during the earnings call, Tim Cook said that India was among the markets where the company’s revenue grew in double-digit.