Content creators mean business
Social media influencers are flipping the rules by first getting followers and then launching products and ...
File photo - REUTERS
Apple is planning to start sales of its products in India through its online store by the third quarter, according to a TechCrunch report.
The tech giant has deferred plans to start online sales from the January-March quarter tothe August-September quarter in order to complete pending back-end work, the Economic Times reported. The company wishes to roll out its products before the festival season, when sales are relatively high. The timeline also coincides with the launch of its new smartphonemodels including the iPhone 12, the report added.
Apple in August had announced its plans to launch brick-and-mortar retail stores along with its online stores in India. The announcement was in the light of the government’s decision to ease previous regulations which forced foreign companies to source 30 per cent of production locally, according to a Bloomberg report.
"We love our customers in India and we're eager to serve them online and in-store with the same experience and care that Apple customers around the world enjoy,” Apple CEO Tim Cook had said in an official statement. “We appreciate the support and hard work by Prime Minister Modi and his team to make this possible and we look forward to one day welcoming customers to India's first Apple retail store.”
Cook will likely plan a trip to India for the launch, TechCrunch reported. The Apple CEO is also likely to meet Prime Minister Narendra Modi on the visit, ET reported.
Currently, over 30 per cent of Apple products are sold in India online through third-party e-commerce platforms including Amazon India, Flipkart and Paytm Mall.
The brick-and-mortar Apple Stores are likely to be set upover a year, according to the ET report. Apple, last October,had identified Mumbai's Maker Maxity Mall as the location of its first retail store in India, Apple Insiderreported. After its first store in Mumbai, the tech giant is likely to expand its retail stores to Delhi-NCR and Bengaluru according to reports.
India has been a growing market for Apple over the last year. According to a report by Counterpoint, iPhone shipments in India had increased by 6 per cent in 2019.
Apple reported double-digit growth in India during the October- December 2019 quarter. Its revenue grew 9 per cent to $91.8 billion.
The company had started focussing on the Indian market with special pricing, promotions and an e-commerce push after June 2019, when it witnessed significant growth in the market, according to previous reports.
According to a recent Bloomberg report, the government is also planning to offer subsidised loans to smartphone manufacturers in a bid to woo the suppliers of Apple Inc and Samsung Electronics Co, to open factories in India.
Social media influencers are flipping the rules by first getting followers and then launching products and ...
Paneer, once alien to the South, has found a lucrative market in Chennai
WPP agency Wunderman Thompson has launched its annual Future 100 report, lifting the lid on trends shaping the ...
Carriers claim that all measures — including pre-flight tests, cabin sanitisation and fresh air inflow — have ...
What filters should you apply when mining for under-the-radar small-cap stocks? Read on to find more
High valuation, intensely competitive landscape and small cap nature of the stock are key risks.
Amid choppiness, the benchmark indices slipped marginally; approach the week with caution
SBI Cards (₹1,032.7): Witnesses fresh breakoutBetween September and December last year, the stock of SBI Cards ...
Marie leaned back in the chair, holding the brandy to her chest, the rain tapping on the windowpanes. She ...
The rain in Wales falls mainly in the plains...Wait, that is Spain. Let’s start again.Women in deep red ...
The coffee beans were soaked in rum casks:Food can be imported, books sent across seas — as touching rituals ...
That weekend came the news that Champa’s elder daughter was engaged, the proof arriving in the form of Jaimini ...
Social media influencers are flipping the rules by first getting followers and then launching products and ...
WPP agency Wunderman Thompson has launched its annual Future 100 report, lifting the lid on trends shaping the ...
Paneer, once alien to the South, has found a lucrative market in Chennai
The Flipkart kids playing adults are back — this time to push the home grown e-commerce marketplace’s grocery ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor