What record has the Apple Store made in sales, in India? | iPhone will soon be available low cost in India.

 

What record has the Apple Store made in sales in India?

America's famous company Apple's stores built in Mumbai and Delhi made such a sales record, Whoever heard it was surprised. In the first month, both these stores made huge profits. ₹ 10 crore were sold on the opening day of the store in Mumbai. Now the details of its month-long earnings have come to the fore. 

What record has the Apple Store in India made in sales, and what is the whole news? We are going to tell you the report. Apple has opened two exclusive stores in India. Both these stores have proved to be a bumper profit deal for Apple. These stores have seen tremendous sales growth in a month and were opened in Delhi and Mumbai. 

There has been a bang sale of ₹ 25-25 crores at both places. Overall, both the stores sold ₹ 50 crores during the month. That is, without any festival season, the company has created a new record by earning a bang. These earnings are more than double those of any electronic retail store in India. 

How much Apple Store earnings have been revealed in different media reports? If we look at this figure, the Apple stores in Delhi and Mumbai are earning around ₹ 83 to 83 lakhs daily. This means to say there are close to ₹ 10 crore sales every day. This figure is shocking. This shows the craze of the people of India for Apple and iPhone. 

Apple did the grand opening of Apple's store at Jio World Center in Mumbai on 18 April. The company's CEO Tim Cook himself came for the opening. After this, the Apple Store was inaugurated in Saket, Delhi on 20 April. Apple's store in Mumbai opened at Jio World Drive Mall in BKC i.e. Bandra Kurla Complex. 

The Apple Store is spread over approximately 20,000 square feet. The store in Delhi is smaller as compared to Mumbai. It occupies approximately 8, 417 square feet. However, there is not much difference between the fares of both. As per reports, the rent for the Mumbai store is around ₹42 lakh per month. 

And the rent for the Delhi store is around ₹40 lakh per month. Before this, you must have seen Apple products in many stores, but none was the official store of the company. These are all Apple's authorized retail stores, which are two new stores opened or official stores. Here you will get the company's products first. 

With the opening of Apple's store, Apple users will now be able to experience the product from the front. Along with this, all the products of Apple will be available to the users under one roof. Not only this, but only at the time of launching of a new product, those products will be available at these official stores. 

Whereas earlier this was not the case. He had to wait. Earlier whenever a product was launched, it was not available in India at that time. It used to take some time to deliver such a product in India. Sometimes after waiting for weeks, this product was available to the people in India. But now it is not so. 

You will get it immediately in Delhi and Mumbai with the product launch. Overall, the capacity of the Indian market and the passion of the people of India towards Apple has become clear from this. If Apple's sales continue like this, then both stores can cross the figure of 600 crores in a year.

 iPhone will soon be available low cost in India:

Good news has come out for iPhone users in India. Apple's supplier Foxconn is now going to start its plant in Bangalore soon. The Bangalore plant will start in April 2024 and iPhones will start being made there. The state government itself has been informed about this. The land for the plant was given to Foxconn by the state government.

The cost of this project is said to be around 130 billion. This plant will employ more than 50,000 people and with this, about 200 million iPhones will be manufactured in India every year. Foxconn is the world's biggest manufacturer of electronic products. Every year about 200 million iPhones of Foxconn will be produced only in India's plant which is in Devanahalli, Bangalore.

Apple is slowly shifting its production from China to India due to the ongoing differences between the US and China. The company is trying to protect its business from damage caused by tensions between Beijing and Washington. Foxconn give in a statement to the London Stock Exchange last month, that it has acquired 1.2 million square meters (13 million square feet) of land at Devanahalli near the Bangalore airport.

An amount of 37 million dollars i.e. about ₹ 303,73,63,300 has been paid for this land. That's why many media reports are also saying that manufacturing in India will affect iPhone prices and in the future iPhones will be available in India at lower prices.

Apart from India, Foxconn is also going to acquire 4,80,000 square meters of land in Vietnam, where it is also going to set up its manufacturing unit. Let us tell you that Foxconn's huge iPhone assembly complex in China's Zhengzhou unit currently employs more than 2 lakh employees. These numbers increase during the peak production season. 

If we talk in terms of India, then this investment of Foxconn is its biggest single investment to date. Foxconn will complete this project in three phases and when it is completed, the company will make more than 20 million iPhones every year. That is, the company will manufacture 20 million iPhones in India.