Apple Files Application to Open Retail Stores in India

Apple India has filed an application with the country's department of industrial policy and promotion (DIPP) to open its own retail stores, according to India Times. The company is also seeking to sell its products online in India.

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DIPP Secretary Amitabh Kant confirmed the application to India Times, saying they have "just received Apple's proposal" and that they are "examining it." Apple's application did not indicate how much investment it would make in opening retail stores in the country. The move comes shortly after India loosened rules involving foreign companies investing in single-brand retail and online stores.

Previously, Apple had set up a network of stores to sell its products through, including carrier stores. Last July, the Cupertino company debuted a new initiative called the Authorized Mobility Resellers program, which planned for 500 retail store affiliates in 12 cities across India. Customers in India could also not purchase Apple products through the company's website, instead getting redirected to carrier stores and resellers they could purchase their devices.

Along with China, India is becoming increasingly important to Apple's business. In July, the company noted that growth in India was over 90 percent. India Times notes that Apple's sales in the country topped $1 billion for the first time in the fiscal year ending March 2015. Additionally, in September Tim Cook told Indian Prime Minister Narendra Modi that Apple was interested in expanding its manufacturing base to the country.

Tag: India


Top Rated Comments

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27 weeks ago

Been to India just last year. Really wondering how many times the store will get robbed.


Most ridiculous thing I've read this week.
Rating: 11 Votes
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27 weeks ago

Been to India just last year. Really wondering how many times the store will get robbed.


So you were robbed is it ... Or just making [****] up ?
Rating: 9 Votes
Avatar
27 weeks ago
Avg monthly salary so low how can they afford blah blah blah build toilets blah

Most people fail to grasp the concept of Asia, because I hear the same arguments about China.

Truth is, those average figures are based on the whole country. Not the major cities. If you look at the per capita income of major cities, you would realise that not only is the income number much higher, but also the sheer number of people. That, coupled with the much lower cost of living enables them to live a more or less capitalist lifestyle with ease.

On the list with the most number of billionaires, India is 4th in the world. China is 2nd.
https://en.wikipedia.org/wiki/List_of_countries_by_the_number_of_US_dollar_billionaires

Most major cities have more population, hence more customers, than most European countries. Read that again so it sinks in. India also has the largest number of young working people in the world.

It's a different scale and different culture. Less traveled people like Christian 5G simply don't have the perspective to comprehend the markets, so they make a few jokes online and then go about their day feeling smug.

Mobile payments? Startups? Mobile technology? It's either already been there for a decade or happening at a rapid pace.

Large companies understand this, because they have intelligent people working for them. That's why even with the red tape and other hassles, they still want a piece of the market because they see the money.
Rating: 8 Votes
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27 weeks ago
India is a huge market, shareholders must be thrilled.
Rating: 7 Votes
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27 weeks ago
Shocked they don't already. India is a huge market!
Rating: 5 Votes
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27 weeks ago

Pretty smart move considering the markets in the West are quite saturated.

There's no such thing as saturated for a company that release a new model every year.

The most expensive place to buy an iPhone 6s/ 6s plus when they were released? Not many people can afford anyway.

There is a huge gap between the upper and lower class people in India. Roughly speaking you either are poor as a rat or rich as a king. If just the 1% upper class would buy an iPhone that's still 1,200,000 units. And they do not care if that phone costs $1 or $1000.
Rating: 4 Votes
Avatar
27 weeks ago

I wonder why Apple wasn't doing this 2 years ago.


India had a bunch of things that basically prevented Apple from doing this. Now that the current India administration relaxed those rules, Apple seems to have taken the first opportunity to do this.
Rating: 4 Votes
Avatar
27 weeks ago

Once "you" actually go to India and experience and actually walk around and get the feeling in the different country of their what's called civilization -you will get what I'm saying.


I got back last weekend from a trip to India.

Obviously these stores will be limited to the affluent areas of big cities. Mumbai for example. India has plenty of big cities with upmarket areas, and enough people that can afford Apple products. Break-ins will not be any more of an issue than many other big cities around the world.

Detroit and Rochester from your country have worse crime rates and safety ratings than any of India's main cities:

http://www.numbeo.com/crime/rankings_current.jsp
Rating: 3 Votes
Avatar
27 weeks ago
Pretty smart move considering the markets in the West are quite saturated.
Rating: 2 Votes
Avatar
27 weeks ago

Avg monthly salary so low how can they afford blah blah blah build toilets blah

Most people fail to grasp the concept of Asia, because I hear the same arguments about China.

Truth is, those average figures are based on the whole country. Not the major cities. If you look at the per capita income of major cities, you would realise that not only is the income number much higher, but also the sheer number of people. That, coupled with the much lower cost of living enables them to live a more or less capitalist lifestyle with ease.

On the list with the most number of billionaires, India is 4th in the world. China is 2nd.
https://en.wikipedia.org/wiki/List_of_countries_by_the_number_of_US_dollar_billionaires

Most major cities have more population, hence more customers, than most European countries. Read that again so it sinks in. India also has the largest number of young working people in the world.

It's a different scale and different culture. Less traveled people like Christian 5G simply don't have the perspective to comprehend the markets, so they make a few jokes online and then go about their day feeling smug.

Mobile payments? Startups? Mobile technology? It's either already been there for a decade or happening at a rapid pace.

Large companies understand this, because they have intelligent people working for them. That's why even with the red tape and other hassles, they still want a piece of the market because they see the money.


Thank you for saving me a huge write up!! ... Some people are just simply.. clueless, as to how these *3rd world countries* are developing at such rapid pace!
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Once "you" actually go to India and experience and actually walk around and get the feeling in the different country of their what's called civilization -you will get what I'm saying.


You must think the US of A was the place it is, from day one!

An interesting incident.. I went to college at Rutgers' University for undergrad at Newark, NJ. One day, we had a bunch of tourists that, apparently, had just landed at Newark Int'l from Germany and happened to stop by our campus.

They looked, simply put, horrified!! I clearly remember a couple of them asking ' is THIS America ? ... '

Now, if you've never been to Newark, NJ you wouldn't understand what that means!

Moral of the story : It depends on what part of the country you visit! India is still developing post British tyranny that ended in 1947. Give it 200 some years (well about 140 now) and then compare.. Too bad, neither of us will be alive at that time!
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What's the point in opening retail store in India when they try to rip them off?! The most expensive place to buy an iPhone 6s/ 6s plus when they were released? Not many people can afford anyway.


Yea.. I know! No point in trying to capitalize in one of the fastest growing economies where people cannot afford to get an iPhone on (A) a payment plan, (B) carrier subsidized or (C) credit card when most of the world pays hard cash for an iPhone :rolleyes:

Bad business sense Apple!! o_O
Rating: 2 Votes
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