Apple Opens First Retail Stores in India, Sees Country as Growth Market

Apple CEO Tim Cook inaugurated the company's first retail store in India in Mumbai, with a second store set to open in New Delhi.
Apple has been operating in India for over 25 years and sees the country as a key market for its future, aiming to boost iPhone sales and manufacturing.
The new stores, which will offer free educational sessions, highlight Apple's commitment to investing in India, the second-largest smartphone market in the world.
Apple plans to have 25% of its global production come out of India in the next five years, but faces challenges like navigating the country's infrastructure and bureaucracy.
Apple's sales in India climbed around 50% to almost $6 billion in 2022, capturing 65% of the premium smartphone market where prices start around $360.