Apple CEO Tim Cook said last year that the company plans to establish its core presence in the Indian retail space. (image credit: Reuters)
Apple CEO Tim Cook recently said that emerging markets like India have seen strong growth.
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Cupertino-Based Giants Apple has once again delayed its plans to launch the first official retail store in India. Apple CEO Tim Cook Last year it was said that physical stores will be open in the country from 2021. However, a report by NDTV Gadgets 360 has confirmed that those plans have also been delayed due to the COVID-19 pandemic. Apple launched its official online store in India last year in September 2020.
Apple told NDTV that it has postponed the launch of its first physical store in the country, but did not give any specific information about the timeline of the stores that will be coming in the country. Earlier, a report in The Indian Express had confirmed the same development. For the past few years, there have been reports of Apple’s offline stores coming to India. Apple CEO Tim Cook said last year that the company plans to establish its core presence in the Indian retail space. Currently, the company sells its equipment in the country through distributors who operate under a franchised retail network. AppleHowever, it wants to penetrate deeper into the market by setting up its own physical stores.
Also in January, Cook told Apple investors that the company doubled its business in India in Q4 2020 after the launch of its online store in the country. Cook had shown optimism in continuing to grow physical reserves as well. Although COVID-19 The pandemic seems to have only affected Apple’s plans in India, but across the globe the company was forced to close most of its stores in key markets such as the US and China. Cook too recently said that there has been strong growth in emerging markets like India.
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