Apple making approximately $2 million to $3 million each month from its two Apple Stores in India
Apple is reportedly reaping the benefits of its two newly opened Apple Store locations in India, with a report claiming the stores are seeing record-breaking sales exceeding approximately $2 million to $3 million each month.
The insight (via AppleInsider) claims that Apple’s two newly opened stores in the country have recorded monthly sales exceeding 22-25 crore each, which is approximately $2 million to $3 million, equating to more than twice the highest revenue that an electronics store in the country typically achieves.
The report comes soon after Apple CEO Tim Cook recently said that India is a “major focus” for the company, adding that the country is “an incredibly exciting market” for Apple following the grand opening of the first two Apple Stores in the country in April, setting quarterly records sales as the company announced revenue of $94.8 billion.
Apple stepped up its retail efforts in India in 2020, expanding the official online Apple Store to bring its full range of products and support directly to customers across the country for the first time.
The iPhone maker’s second store, Apple Saket, is located in New Delhi.
Apple is reportedly planning to open 50+ new or remodeled Apple Stores through 2027, with the iPhone maker considering three new locations across India as Apple continues its expansion in the country.