Apple to start online sales in India in Q3 this year – TechCrunch
The iPhone-maker mentioned in August final year that it was “eager to serve [customers of India] online and in-store with the same experience and care that Apple customers around the world enjoy.”
While the corporate by no means shared a agency timeline on when the online and brick-and-mortar shops could be arrange in India, it was initially aiming to start the online sales in the nation in the primary quarter of this year, the supply mentioned. (The Q1 launch timeline was first signaled by Bloomberg, which reported that the operations would start “within months.”)
An Apple spokesperson was not instantly accessible for remark.
The supply mentioned the corporate was nonetheless engaged on the logistics of organising the shop and that the quarter between July and September was the brand new tentative deadline. Apple CEO Tim Cook would possible plan an India journey for the announcement, the supply mentioned.
The firm’s first official bodily retailer in India, to be located in Mumbai, will take a further few months of time for organising and won’t be prepared by this year, the supply mentioned.
India, the world’s second largest smartphone market, eased sourcing norms for single-brand retailers final year, paving the best way for firms like Apple to open online shops earlier than they arrange presence in the brick-and-mortar market.
Currently, Apple sells its merchandise in India by way of partnered third-party offline retailers and e-commerce platforms reminiscent of Amazon India, Flipkart and Paytm Mall. Prior to New Delhi’s coverage change, Apple had requested the federal government quite a few occasions to chill out the native international direct funding (FDI) guidelines.
Apple executives have lengthy expressed disappointment at Amazon India, Flipkart and Paytm Mall for providing heavy reductions on the iPhone and MacBook Air to increase their respective GMV metrics, individuals acquainted with the matter have advised TechCrunch.
iPhone shipments in India grew 6% in 2019 in contrast with a 43% decline in 2018, in accordance to analysis agency Counterpoint, which projected that the expansion would proceed this year.
Apple on Tuesday posted a file income of $91.eight billion for the quarter that ended in December. Cook mentioned in the earnings name that India was among the many markets the place the corporate’s income grew in “double-digit.”