🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

Apple to launch first online store in India next week

Published 09/17/2020, 11:06 PM
Updated 09/18/2020, 05:05 AM
© Reuters. The Apple logo is shown atop an Apple store at a shopping mall in La Jolla, California
AAPL
-
AMZN
-
WMT
-
1810
-

By Sankalp Phartiyal and Aakriti Bhalla

NEW DELHI (Reuters) - Apple Inc (NASDAQ:AAPL) will launch its first online store in India on Sept. 23, the iPhone maker said on Friday, coinciding with the country's holiday season that brings some of the biggest sales for retailers every year.

Apple sells its products in India through third-party vendors and e-commerce operators such as Amazon.com Inc (NASDAQ:AMZN)'s Indian unit and Walmart (NYSE:WMT) Inc-owned Flipkart.

The Cupertino, California-based tech giant's iPhones are coveted by tens of millions of Indians but their price keeps them out of the reach of many.

Chinese companies led by Xiaomi (OTC:XIACF) Corp dominate in the world's second-biggest smartphone market, with Apple accounting for just 1% of shipments.

Through its online retail platform, Apple plans to offer assistance to customers in English and Hindi, while allowing users to personalise some devices, including iPads, with engravings, it said.

The website will also allow Mac customers to configure their laptops according to their needs.

The opening of Apple's online store presents another challenge for bricks-and-mortar retailers whose business has suffered due to discounts by e-tailers, said Subhash Chandra L, managing director of Sangeetha Mobiles.

"At least some of Apple's die-hard customers are likely to shift to buying from its online store," said Chandra whose chain operates more than 650 stores across southern and western India.

"But we've learned to compete with online retailers."

China's Xiaomi, RealMe and OnePlus also sell smartphones from their websites, besides Amazon and Flipkart.

Apple is building its first company-run retail store in India, in the financial capital of Mumbai, with plans to launch in 2021.

India offers huge growth prospects for device makers and competitive labour costs for electronics manufacturing.

Apple assembles some of its smartphone models, including the iPhone 11, at Taiwanese contract manufacturers Foxconn and Wistron's plants in south India.

© Reuters. FILE PHOTO: A salesman checks a customer's iPhone at a mobile phone store in New Delhi

Foxconn plans to invest up to $1 billion to expand a south India factory where it assembles iPhones, Reuters reported previously.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.