• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Monday, July 14, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home India News

Apple halts inauguration of first Apple Retail Store in Mumbai amid COVID-19

by Balraj
August 7, 2021
in India News, Tech, Trending
Reading Time: 2 mins read
0
Customers in the Apple Store, Hong Kong

Credit: John Harper via Getty Images

TwitterWhatsappLinkedin

Apple witnessed remarkable commercial growth in India last year after trying for a long time to acquire a substantial market share in the Indian smartphone space. Apple witnessed remarkable commercial growth in India last year after trying for a long time to acquire a substantial market share in the Indian smartphone market.

You might also like

SpaceX Injects $2 Billion Into Elon Musk’s AI Startup xAI Amid Broader $5 Billion Funding Push

Trump Threatens 30% Tariffs on EU and Mexico, Escalating Trade Disputes Ahead of August Deadline

Nissan and Honda May Join Hands in the U.S. – A Fresh Strategy to Tackle Tough Times

Customers in the Apple Store, Hong Kong
Credit: John Harper via Getty Images

CEO Tim Cook addressed the company’s ambitions to open retail outlets in India this year to effectively strengthen its presence in the nation. However, it appears that Apple’s efforts to develop its first physical retail outlets in India are being affected by the ongoing Coronvirus-led pandemic. Cook also revealed Apple has sold over a million iPhones in the country for the first time in an earnings call after presenting the company’s 2020 figures in January.

He stated, “If you take India for example, we doubled our business last quarter compared to a year ago. We are also going in there with retail stores in the future and so we look to that to be another great initiative.”

Earlier this year, the giant Cupertino launched her own Indian online store offering consumers distinct perks. Meanwhile, according to the latest report Apple has acknowledged that the ongoing pandemic has adversely affected its efforts to open the first physical Apple Store in India. As a result, the firm has temporarily postponed the inauguration of its retail store in Mumbai.

Since physical shops remained shuttered for the majority of 2020, India’s remarkable sales were undoubtedly generated by its new online presence leveraging on pandemic-induced demand. Cook reiterated this on the Q1 2021 earnings call, highlighting the positive response to the online store and how he was looking forward to the opening of offline retail.

Cook credited the “new June quarter revenue record of $81.4 billion, up 36 percent from last year” to double-digit growth in most regions, “with especially strong growth in emerging markets, including India, Latin America, and Vietnam,” during the company’s latest Q3 earnings call.

Last year, it was heavily rumored that Apple would open its first retail store in Mumbai’s Bandra Kurla Complex (BKC). According to sources from last year, the Cupertino-based company leased about 20,000 square feet in BKC to open its first physical store in the country. The Mumbai store is expected to have three levels and will be equivalent to the company’s flagship store in Hong Kong.

The Mumbai retail store is likely to deliver a specialized experience zone on one level for customers interested in purchasing Apple products, similar to conventional physical retail stores. Retail, as well as service centers, were reportedly said to be on the other two floors. It’s worth noting, though, that Apple hasn’t confirmed any of the information of the first physical store, including its size, flooring, or exact location. As a result, we advise you to take this information with a grain of salt.

Tags: AppleApple StoreiPhoneMumbaismartphoneTim Cook
Tweet54SendShare15
Previous Post

Cannabis company Canopy Growth announces earnings

Next Post

A Beginner’s Guide to the Different Types of Vapes

Balraj

Balraj writes about Startup, Business, Technology related news on Techstory... For Business Enquires related to TechStory; Get in touch on: [email protected]...

Recommended For You

SpaceX Injects $2 Billion Into Elon Musk’s AI Startup xAI Amid Broader $5 Billion Funding Push

by Harikrishnan A
July 14, 2025
0
Elon Musk Threatens “Thermonuclear Lawsuit” Against Media Watchdog Amid Ad Exodus on X

Elon Musk's artificial intelligence company, xAI, has received a significant financial boost with SpaceX contributing $2 billion as part of a larger $5 billion funding round, according to...

Read more

Trump Threatens 30% Tariffs on EU and Mexico, Escalating Trade Disputes Ahead of August Deadline

by Harikrishnan A
July 14, 2025
0
Trump Campaign Confirms Security Breach Amid Concerns of Foreign Interference

President Donald Trump is once again shaking up global trade by threatening to impose a 30% tariff on imports from two of the United States’ closest trading partners:...

Read more

Nissan and Honda May Join Hands in the U.S. – A Fresh Strategy to Tackle Tough Times

by Samir Gautam
July 13, 2025
0
Nissan May Build Honda Trucks in U.S. Amid Struggles

In a surprising yet strategic turn, Nissan and Honda,  two of Japan’s biggest carmakers,  are reportedly in talks for a collaboration that could see Nissan building vehicles for...

Read more
Next Post
A Beginner’s Guide to the Different Types of Vapes

A Beginner’s Guide to the Different Types of Vapes

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?