Apple to launch its Online Store in India next Month

Apple is ready to launch its online store and begin selling its products in India as early as next month, consistent with a report from Bloomberg citing sources aware of the event . this is often in line with a report from earlier this year and comes after the Indian government’s rule to source 30 percent of components domestically was relaxed last year. the online store launch are going to be followed by a physical store opening in Mumbai that's currently under development and is about to open in 2021. Furthermore, the report suggests that Apple has picked Minsk Square location, Bangalore for its second store within the country. The Cupertino so far has relied on third-party resellers to sell its products which is close to change soon.

Apple Online store will become operational just before Dussehra-Diwali festive season. Though the Apple had planned to start out its online store shortly after the Indian government relaxed the component sourcing rule last year, it had been disrupted by COVID-19 Pandemic. Apple, selling products through its very own online store will allow it to possess better control over branding and also tackle the competition from OnePlus and Samsung. Despite being one among the oldest players within the smartphone market, Apple could barely crack the premium segment in India until a few of years ago and this was mostly due to the high price tags. to that extent, Apple had started manufacturing its bestsellers, including iPhone 11, iPhone SE (2020), iPhone XR and more, locally to save lots of on imports duty. this may also allow it to cost its products reasonably going forward.

Another Apple assembly partner, Pegatron Corp is in plans to line up its first plant in India. iPhone 11 and therefore the iPhone XR combinedly were liable for 28 percent of the high-end smartphone shipments in India in Q2 consistent with IDC results, which may be a positive development for Apple at this juncture.