Apple began a brand new chapter in India with its first official shops in Mumbai and Delhi in solely late April and the shops have grossed month-to-month gross sales of round Rs 22 crore-Rs 25 crore every, mentioned a report by the Financial Instances on Thursday. Apple BKC retailer in Mumbai and Apple retailer in Saket have been paying Rs 42 lakh and Rs 40 lakh, respectively, as lease.
The report added, citing trade consultants, that the figures are twice the earnings garnered by an electronics retailer throughout non-festive seasons like Diwali. The gross sales report establishes Apple BKC and Saket as the largest electronics shops in India when it comes to income, simply weeks after their grand launch. The Apple BKC retailer in Mumbai’s Bandra Kurla Complicated witnessed a sale of Rs 10 crore on the primary day of its launch whereas an enormous electronics retailer makes someplace round Rs 7 crore per thirty days.
It’s being mentioned that Apple’s two retail shops have set excessive information because of the excessive common promoting value (ASP) of its gadgets reminiscent of iPhones and iPads, that are extra as in comparison with different manufacturers. additionally, excessive footfall since opening additionally translated into huge income. The report added, quoting trade consultants that the gross sales exceeded the iPhone maker’s expectations.
Apple’s New Love Story With India Started With Opening Of two Official Shops
To recall, Apple’s official shops in India have been opened in April, nearly twenty years after Asia acquired its first Apple Retailer.
The opening of Apple’s first retail shops in India comes amid the tech big’s broader retail push into the nation, the place its market share is comparatively low. The duo of Apple Shops have a tie-up with the Apple India On-line Retailer, thus, permitting patrons to make a purchase order and choose that order from Apple BKC or Apple Saket.
Mumbai contributed to 10 per cent of total iPhone gross sales and is the second largest marketplace for Apple in India, after Delhi, in line with market intelligence agency Counterpoint Analysis’s “India Metropolis Degree Tracker. Apple has been domestically assembling iPhone fashions in India since 2017, however the gadgets, together with different Apple merchandise, stay costly in India.
In the meantime, tech giants Apple and Samsung are excited by growing electronics manufacturing in India, Minister of State for Electronics and IT Rajeev Chandrasekhar lately mentioned, in line with a report by information company Bloomberg.