Apple Stores in India Record Monthly Sales of Over Rs 22-25 Crore Each

[{"selector":"#anim-aa2f98f9-4624-4f41-9c14-15d93cb4fad1","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-f059e537-bbe4-484d-add1-fc916ea045f2","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Apple Stores in India Record Monthly Sales of Over Rs 22-25 Crore Each

[{"selector":"#anim-2594e7b6-41cf-42d8-a5a8-be49e6b92ee5","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-4e35cd54-6f3c-4d3b-a58a-8d24dcd1a449","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] HIGHLIGHTS 1. Apple Stores in India are generating record billings for the company. 2. The Apple BKC store saw opening-day billings of over Rs 10 crore. 3. Despite half the size, Apple Saket in New Delhi has generated similar revenue since its opening.

[{"selector":"#anim-7beb5220-1980-4c63-846d-aba4c1f0f81b","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-d5d944a5-dfa3-434c-8887-e24790c71e00","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Monthly sales of Rs 25 cr each! Apple’s India stores hit it out of the park Apple’s new stores in Delhi and Mumbai have grossed monthly sales of more than Rs 22-25 crore each, The Economic Times (ET) reports . Industry experts have said that the figure is around twice the sales of an electronics store in the country during the non-Diwali period.

[{"selector":"#anim-4b490ce4-541b-4574-b538-cc2b74569918","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-3518b48f-0e46-4838-a9e5-9e9307cb3674","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] How is Apple doing it? Associate vice-president of market research firm IDC India, Navkendar Singh , says that the iPhone’s ASP in India in the calendar year 2022 was $935-990 through offline channels; the figure stood at $890 for online sales.

[{"selector":"#anim-762c9f18-5de0-42fc-9b5f-e8b90291c73d","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-e6fb77b9-05f3-4318-b09f-e364672aa335","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] How is Apple doing it? With the two Apple Stores in the picture, iPhone’s overall ASP will likely cross $950. This figure is separate from the 1 8 per cent GST applicable on smartphones.

[{"selector":"#anim-bd08ba66-3b2c-4c47-89e0-daad0459c120","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-40ce5dac-4934-45f0-b627-adb7ff9b797f","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Indian market and Apple The Indian smartphone market is identified as price-sensitive, looking for the biggest bang for its buck. Given this background, it will be interesting to see if the two stores can sustain their sales numbers.

[{"selector":"#anim-9c4e1402-a8f9-4f2c-a873-2143b20e1aa7","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-483c61c2-9067-4577-946f-e865c54f42a8","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] How many apple retail stores are there in the world ? Apple has over 500 retail stores in major parts of the world, including Dubai, New York, Istanbul and London.