• About
  • Contact
Sunday, January 17, 2021
Next Big Brand
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview
No Result
View All Result
Next Big Brand
Home News

Apple To Launch Online Store In India Around Diwali: Bloomberg

Pritish raj by Pritish raj
August 26, 2020
in News, Tech
2 min read
0
Apple Online Store India- Next Big Brand

Apple Online Store India- Next Big Brand

Share on FacebookShare on Twitter
  • Tech giant Apple is all set to launch its first online store next month in India, reported Bloomberg and the Mumbai store is expected to debut in 2021.

Tech giant Apple is all set to launch its first online store next month in India, reported Bloomberg. With the Mumbai store still under construction and expected to debut in 2021, this would officially mark its first-party presence in the region. The iPhone maker currently sells its products through third-party sellers in India.

This move follows on from last year’s government decision to relax foreign investment rules in sectors such as coal mining, contract manufacturing, and single-brand retail.

As part of the relaxation, the Center said that e-commerce retail trading may be conducted prior to the opening of brick and mortar stores, subject to the requirement that businesses open brick and mortar stores within two years from the date of online retail launch.

India is one of the world’s largest smartphone markets, with many firms like Apple keeping their eyes locked on the opportunities available here.

The study noted the online shop for the festive season and Diwali will be up and running in time. Due to the coronavirus pandemic the company’s intention to launch its online store in India between January and March was disrupted.

In addition, the Silicon Valley tech major is also looking to set up a second brick-and – mortar store in the IT city of Bengaluru in India. The firm’s outlet at Mumbai’s Bandra-Kurla Complex (BKC) is set to be the first physical store in India.

CEO Tim Cook had previously announced the opening of an Indian store in 2021, telling investors at the annual shjareholder meeting in Apple Park that the company did not want “anybody else to run the brand for them.

Apple currently sells its devices in India through third-party retailers.

India relaxed its global procurement requirements in August last year, widening the scope of compulsory domestic procurement by 30 per cent and allowing foreign procurement by single-brand retailers — a step welcomed by companies such as H&M, Ikea and now, obviously, Apple.

The COVID-19 pandemic had triggered delays in smartphone sales in India, partially due to strained supply chains, with revenues in July at half the previous year’s.

Apple has a market share of 49 per cent in the premium smartphone segment (devices priced at $500—Rs 37,000—or above) according to IDC.

Previous Post

Jeff Bezos Net worth Hits $200 Billion, First Person To Do So

Next Post

Future Retail Is Closing On Acquisition Deal With Ambani's Reliance Retail

Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. Highly enthusiastic about brands and startups, he aims to be a travel content creator.

Related Posts

Under Pressure WhatsApp Delays its Controversial New Policy Update
News

Under Pressure WhatsApp Delays its Controversial New Policy Update

January 16, 2021
IndiaMart Market Cap Hits $3 Billion
News

IndiaMart Market Cap Hits $3 Billion

January 15, 2021
Digit Insurance Becomes the first Unicorn of 2021 with a total valuation of $1.9 Billion
News

Digit Insurance Becomes the first Unicorn of 2021 with a total valuation of $1.9 Billion

January 15, 2021
Trump Administration Blacklists Smartphone Giant Xiaomi and other 10 Chinese Companies
News

Trump Administration Blacklists Smartphone Giant Xiaomi and other 10 Chinese Companies

January 15, 2021
Rise of Regional OTT Platforms in India during the Pandemic Time
News

Rise of Regional OTT Platforms in India during the Pandemic Time

January 15, 2021
Ex-Star India Chairman Uday Shankar Joins Lupa Systems CEO for New Venture
News

Ex-Star India Chairman Uday Shankar Joins Lupa Systems CEO for New Venture

January 14, 2021
Next Post
RIL Future Group Reliance Retail Business - Next Big Brand

Future Retail Is Closing On Acquisition Deal With Ambani's Reliance Retail

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECOMMENDED NEWS

Haldiram Global- next big brand

Haldiram Goes Global With Sales In U.S. Via Amazon Global Sales Plan

1 year ago
ITC

ITC’s YC Deveshwar’s vision supports over 6 million livelihoods today

2 years ago
amul-google-source-amul.com

Amul: Legal Notice Sent To Google India For Fake Ads

2 years ago
wework-may-buy-majority-stake-in-its-indian-business-rebrands-as-the-we-company-source-wework.com

WeWork India : Profitable In Less Than 6 Months

2 years ago

FOLLOW US

  • 22.2k Fans

BROWSE BY TOPICS

2018 League amazon Amazon Great Indian Sale Amazon Prime Apple Apple Inc Automobile Industry Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan facebook Facebook app future group hotstar Indian OTT Platforms Indian Smartphone Market Istana Negara Jio Market Stories Maruti Suzuki National Exam Netflix Netflix India Netflix Originals oppo OTT OYO Realme Reliance Industries Limited Reliance Jio RIL Samsung Tata Motors Tiktok TikTok India TikTok Videos Visit Bali Vivo whatsapp Xiaomi Xiaomi India YouTube
Next Big Brand

We Talk About Brands

Follow us on social media:

Recent News

  • Lava Mobiles: Planning a Strong Comeback in the Smartphone Industry
  • Under Pressure WhatsApp Delays its Controversial New Policy Update
  • IndiaMart Market Cap Hits $3 Billion

Instagram

Follow Me!

Latest News

Lava Mobiles: Planning a Strong Comeback in the Smartphone Industry

Lava Mobiles: Planning a Strong Comeback in the Smartphone Industry

January 17, 2021
Under Pressure WhatsApp Delays its Controversial New Policy Update

Under Pressure WhatsApp Delays its Controversial New Policy Update

January 16, 2021
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview

© 2019 NBB. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.