In today’s digital world, we can do many things without ever leaving our homes. We can shop online, bank online, and even work online. This has led some people to believe that physical stores are becoming obsolete. However, Apple’s new stores in India are proving that there is still a demand for physical retail. According to the latest reports, Apple’s two stores in India have been generating more than 22-25 crore Rupees (approximately $3 million) in sales every month. Here are the details…
Apple India Stores Generate Monthly Sales of Rs 25 Crore Each
Apple recently opened its first physical store in India, following a lengthy period of anticipation. These stores, located in Delhi and Mumbai, were immediately met with strong interest from local users. Apple’s two stores in India have been generating sales of 22-25 crore Rupees (approximately $3 million) every month. This makes the Apple Store the country’s leading electronics retailer in terms of revenue. So what is the price of iPhones in India?
Unfortunately, geography plays a significant role and can affect your purchasing power in a particular region. Moreover, tax policies in some countries can contribute to a widening gap between technology enthusiasts and the products they aspire to acquire. In this context, India can be considered a country in the middle ground. While it may not experience alarming price increases like Brazil and Turkey, it is slightly more expensive compared to the United States and European countries. For instance, the prices of iPhone 14 in the country are as follows:
| Model | Storage | Price (INR) | Dollar Equivalent (USD) |
|---|---|---|---|
| iPhone 14 | 128GB | ₹79,900 | $966.45 |
| iPhone 14 Pro | 128GB | ₹99,900 | $1175.29 |
| iPhone 14 Max | 128GB | ₹89,900 | $1064.89 |
| iPhone 14 Pro Max | 128GB | ₹109,900 | $1263.33 |
One of the main factors contributing to the relatively affordable prices of iPhones in India is the accessibility of sales in the country. However, we cannot ignore the success generated by Apple’s brand perception. The company manages to achieve significant sales figures even in countries with high taxes, as mentioned above.
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(via)
