Apple could launch its own online store as soon as September 2020

Apple plans on opening its own online store in India next month. The move could mean a lot more involvement for Apple in one of the fastest smartphone markets of the world.

By Digit NewsDesk | Published 25 Aug 2020 18:00 IST
HIGHLIGHTS
  • Apple plans on opening its own online store in India next month.

  • The move could mean a lot more involvement for Apple in one of the fastest smartphone markets of the world.

  • Other than an online store, Apple is working on opening its first brick-and-mortar store in Mumbai, followed by a second in Bengaluru.

Apple could launch its own online store as soon as September 2020
Apple could launch its own online store as soon as September 2020

Apple could announce its own online e-commerce platform in India next month after strict prohibitions in FDI in retail was relaxed by the government. A report by Bloomberg claims Apple will have the online store operational in time for the festive season. The move could mean a lot more involvement for Apple in one of the fastest smartphone markets in the world.

Apple has been lobbying the government for years to get the regulations relaxed so it can open its own stores. Earlier, the mandate required sellers to source 30 percent of the components locally. With that relaxed last year, Apple was supposed to begin online sales much earlier. However, things got delayed because of the COVID-19 pandemic, according to unnamed sources cited in the article.

Apple has also been looking outwards of China, especially in other South Asian countries, including India to shift a chunk of iPhone-manufacturing, due to escalating tensions between Washington and Beijing.

Other than an online store, Apple is working on opening its first brick-and-mortar store in Mumbai, followed by a second in Bengaluru. The Mumbai Apple Store will be the first physical retail store for the Cupertino giant and is set to open next year in the posh BKC neighbourhood. In Bengaluru, Apple is planning to open a large, half a million square feet space.

Currently, Apple sells its products through online retail channels like Flipkart and Amazon, while in the offline space, Apple has authorized retailers and service centres across the country. With their own stores, Apple could have better control over the branding and marketing of iPhones in India, and compete with the likes of OnePlus and Samsung, who already have their own online stores functioning in India.

There’s also a rising demand for iPhones in India, which is perhaps why the company wants to start its online store as soon as possible. iPhones had a 49 percent market share in the premium segment, in the second quarter of 2020, according to IDC. The popular offerings include the iPhone XR and the iPhone 11, which constitute 28 percent of all high-end smartphones shipped.

Apple iPhone SE (2020) Key Specs, Price and Launch Date

Price:
Release Date: 17 Apr 2020
Variant: 128 GB/4 GB RAM
Market Status: Launched

Key Specs

  • Screen Size Screen Size
    4.7" (750 x 1334)
  • Camera Camera
    12 | 7 MP
  • Memory Memory
    128 GB/4 GB
  • Battery Battery
    1821 mAh
Digit NewsDesk
Digit NewsDesk

Email Email Digit NewsDesk

Follow Us Facebook Logo Facebook Logo Facebook Logo

About Me: Digit News Desk writes news stories across a range of topics. Getting you news updates on the latest in the world of tech. Read More

Advertisements

Trending Articles

Advertisements

LATEST ARTICLES View All

Advertisements

Hot Deals View All

Redmi Note 11 (Horizon Blue, 4GB RAM, 64GB Storage) | 90Hz FHD+ AMOLED Display | Qualcomm® Snapdragon™ 680-6nm | Alexa Built-in | 33W Charger Included
Redmi Note 11 (Horizon Blue, 4GB RAM, 64GB Storage) | 90Hz FHD+ AMOLED Display | Qualcomm® Snapdragon™ 680-6nm | Alexa Built-in | 33W Charger Included
₹ 13499 | $hotDeals->merchant_name
OnePlus 10 Pro 5G (Volcanic Black, 8GB RAM, 128GB Storage)
OnePlus 10 Pro 5G (Volcanic Black, 8GB RAM, 128GB Storage)
₹ 66999 | $hotDeals->merchant_name
iQOO 7 5G (Solid Ice Blue, 8GB RAM, 128GB Storage) | 3GB Extended RAM | Upto 12 Months No Cost EMI | 6 Months Free Screen Replacement
iQOO 7 5G (Solid Ice Blue, 8GB RAM, 128GB Storage) | 3GB Extended RAM | Upto 12 Months No Cost EMI | 6 Months Free Screen Replacement
₹ 29990 | $hotDeals->merchant_name
iQOO Z5 5G (Mystic Space, 12GB RAM, 256GB Storage) | Snapdragon 778G 5G Processor | 5000mAh Battery | 44W FlashCharge
iQOO Z5 5G (Mystic Space, 12GB RAM, 256GB Storage) | Snapdragon 778G 5G Processor | 5000mAh Battery | 44W FlashCharge
₹ 26990 | $hotDeals->merchant_name
DMCA.com Protection Status