• About
  • Contact
Tuesday, June 28, 2022
  • Login
Next Big Brand
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail
No Result
View All Result
Next Big Brand

Apple To Launch Online Store In India Around Diwali: Bloomberg

Pritish raj by Pritish raj
August 26, 2020
in News, Tech
Reading Time: 2 mins read
A A
0
Apple Online Store India- Next Big Brand

Apple Online Store India- Next Big Brand

  • 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

20220627 152251 0000
News

Proptech Startup PropShare Raises $47 Million Led by WestBridge Capital

June 27, 2022
images 9 17
Cryptocurrency

Christiano Ronaldo and Binance Announce NFT Partnership

June 24, 2022
Khaby Lame Tiktoker
Creators

Khaby Lame Becomes World’s Most Popular TikToker

June 24, 2022
Pine Labs Founder
News

Merchant Platform Pine Labs Acquires Fintech Infra Startup Setu for $70-75 Million

June 23, 2022
Ebay KO
Cryptocurrency

eBay Acquires NFT Marketplace KnownOrigin For An Undisclosed Sum

June 23, 2022
Cashify Founders
News

Cashify Raises $90 Million in Series E Round Led By NewQuest & Prosus

June 23, 2022
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.

BROWSE BY TOPICS

Acquiring amazon Apple Brands brand story Byjus byjus news byjus the learning app Cryptocurrency Edtech Startups Elon Musk facebook fintech news Flipkart funding google Indian Crypto Startups Indian OTT Platforms Indian Unicorn Indian Unicorns Indian Unicorns of 2021 Netflix NFT NFT Collection NFT India Non Fungible Tokens Ola OYO Paytm Reliance Retail Startup Acquisition Startup IPO startup news india startups in india Swiggy Tiktok TikTok India Twitter Unicorns of 2022 Unicorns of India Unicorn Startups Upgrad WazirX YouTube Zomato
check more news on that pages youtube converter, filme online 2022, filme porno mature, porno amatoriale, nxnxx.org, https://xvideosxnxx.org, https://xoxporn.net

Instagram

Follow Me!

Recent News

  • Proptech Startup PropShare Raises $47 Million Led by WestBridge Capital
  • Christiano Ronaldo and Binance Announce NFT Partnership
  • Khaby Lame Becomes World’s Most Popular TikToker

Latest News

20220627 152251 0000

Proptech Startup PropShare Raises $47 Million Led by WestBridge Capital

June 27, 2022
images 9 17

Christiano Ronaldo and Binance Announce NFT Partnership

June 24, 2022
  • 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
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail

© 2019 NBB. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

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.