Spread over 20,000 sq. toes, the sprawling new retailer in Mumbai indicators Apple’s planned pivot against India because it seeks to enlarge its presence within the increasing marketplace which lately accounts for simply 3% of its international percentage.
The Mumbai retailer opening can be adopted with the release of a equivalent facility in New Delhi’s Saket on April 20.
CEO Tim Cookwho’s in India for the release of the 2 retail outlets, individually welcomed consumers on the two-storey outlet.
The release of the shop additionally coincides with gross sales of Apple, the arena’s greatest corporation by way of marketplace capitalisation, clocking a file prime in India.
Here are the important thing numbers signaling Apple’s sturdy India push …
* Apple’s gross sales in India have hit a brand new prime of virtually $6 billion within the 12 months via March. This, regardless of India accounting for simply 3% of its international marketplace percentage.
* The iPhone maker’s income in India grew by way of just about 50%, from $4.1 billion a 12 months previous.
* For the 12 months via March 2022, Apple posted gross sales of Rs 333.8 billion ($4.1 billion).
* Apple has tripled its manufacturing on the planet’s fastest-growing smartphone enviornment after accelerating a transfer past China.
* The US corporation now makes virtually 7% of its iPhones in India via increasing companions from Foxconn Technology Group to Pegatron, in step with a Bloomberg document.
* While the quantity would possibly appear small, the expansion has been moderately spectacular. Notably, India will account for simply 1% of the arena’s iPhones in 2021.
* Apple’s providers Foxconn, Wistron and Pegatron make use of some 60,000 employees in India, making fashions starting from the ageing iPhone 11 to the newest iPhone 14 within the nation.
* Taiwan-based Foxconn has signed an settlement with the Karnataka govt to arrange a $700 million manufacturing facility in Bengaluru on 300 acres, off Doddaballapur. The new plant which can make iPhones is anticipated to create 1 lakh jobs.
* India’s cell phone exports rose from Rs 45,000 crore in FY 21-22 to Rs 90,000 crore, underlining the important function of this sector in India’s electronics export marketplace.
* The cell phone exports in India now account for 46 % of the total digital items exports.
And listed here are some interesting numbers about Apple Inc…
* Apple’s marketplace cap is greater than the GDP of as many as 25 nations on the planet, together with Ecuador, Libya and Iraq.
* Apple had over 140,000 workers around the globe in 2022.
*According to a couple studies, Apple has extra money available than the United States govt. As according to a document on Business Chief in 2020, the United States govt had an working money stability of $73.8 billion and Apple had $76.2 billion in money and marketable securities.
* Apple has offered over 2.2 billion iPhones because the first fashion used to be launched in 2007.
* In 2023, Apple is projected to have a web value of $3.3 trillion.