Apple Finally Delivers in India; Planning to Set Up 500 New Stores

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If you have ever fealt that Apple doesn't do enough for its massive user base here in India, those issues are surely to be dealt with, with Apple new plans of opening Apple retail stores in the country. And to begin with, the company is planning as many as 500 retail stores here in India.

The Cupertino-based tech giant has had a sort of limited presence in the Indian smartphone market. And most of it is due to the kind of pricing that's involved with the handsets. However, the world's most admired electronics brand is now looking to set up as many as 500 'iOS' stores across the country.

Apple Finally Delivers in India; Planning to Set Up 500 New Stores

Apple has been operating in India for a long time, going back to 2011. It even recently topped $700 billion in market cap in the US. But then again, it doesn't really have much to show from India apart from a growing user bacse. But the new Apple stores are set to change all that. Especially with the likes of Samsung biting at its heels.

"All this will change now. The company is finalizing plans to become a serious player in India, which is being seen as a strategic and one of the most promising markets globally," a top company source told TOI.

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The company has already sold around one million smartphones in India in the year ending September 2014, while expecting the volume to go up three times this year and top 3 million. "And, it will only strengthen from here as the expansion starts and picks pace," another source said.

The sources said Apple have even "tentatively approved" the expansion proposal, according to an Economic Times report, and will show a final green-light very soon to the project. "These new stores will be smaller in size and could range from 300-600 sq ft against over 2,000 sq ft size of existing stores in bigger cities."

Stay tuned to GizBot for more updates!

Read More About apple | iOS | iphone 6 | iphone 6 plus | smartphones | mobiles

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