Apple Reportedly Planning to Open Multiple Flagship Stores in India

Every bit part of its continuing attempts to increment its anemic market-share in India, Apple is reportedly planning to open a series of flagship outlets in major metropolitan areas around the state.

Co-ordinate to ET, the visitor is reportedly planning to open around v to six franchisee-run outlets that will each be "at to the lowest degree three times larger than the current, 1,000-squarefoot stores". The publication is farther quoting three unnamed 'senior industry executives' as saying that some of the stores may even go up to as much as five,000 sq ft in size.

The new outlets volition reportedly be 'stepdown' versions of the company's iconic Apple Stores whose exemplary blueprint language has frequently been copied by leading companies for their own flagship stores. Co-ordinate to the report, the new franchisee-endemic Apple tree Retail Stores will come in 'extremely prominent locations' as anchor shops in malls and loftier-street shopping areas.

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Apple tree is currently believed to have around 150 Apple Premium Reseller stores in India, ranging from between 1,000 to ane,500 square anxiety in area. 1 of the owners of those franchisee stores reportedly told ET that the new stores will first come upwards in New Delhi, Mumbai, Bengaluru and Chennai, followed by Hyderabad and Pune.

Information technology is worth noting here that the planned outlets will exist endemic and operated by Apple tree's franchisees in India and not the company itself, even though the tech giant has been trying to open company-owned stores in the land for a very long time.

While regulatory restrictions had before prevented 100% Strange Direct Investment (FDI) in unmarried-brand retail, the authorities this year finally approved 100-percent FDI through the automatic route in single-brand retail, potentially paving the manner for Apple and others to ready dedicated stores in India.

Still, to take reward of the new regulations, Apple tree will even so accept to source thirty per centum of iPhone/iPad/Mac components locally, which is why, the company is choosing to stick to the franchisee model for at present instead of opening its ain, company-endemic stores.