Apple Stores likely in India in next 18 months

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CHICAGO - OCTOBER 21: Apple emloyees and media wander the new Apple Store during a media preview on October 21, 2010 in Chicago, Illinois. The new store opens on October 23 in Lincoln Park, a part of the city's Near North Side that has been trendy for several years. (Photo by Brian Kersey/Getty Images)

It has been learned that Apple Stores are likely to come up in the country in the next 18 months. Recently Apple CEO Tim Cook met with Prime Minister Narendra Modi and expressed his desire to open Apple Stores in the country. He also spoke about possibilities of manufacturing iPhones in the country. The plans to open its first three stores in Delhi, Bengaluru and Mumbai.

The company is expected to invest around $3 million to $5 million in each stores and are now looking at real estates in these cities.

Talking about India’s potential Cook had recently said, that “India is the third-largest smartphone market in the world behind China and the United States.” Cook said back in January. “And as you know, we’ve been putting increasingly more energy in India. India revenue for us in Q1 was up 38 percent… Constant currency growth was 48 percent, and so it’s a very rapidly expanding country. I think the government there is very interested in economic reforms and so forth that I think all speak to a really good business environment for the future.”

There are lot of industry experts who believe that making iPhones in India will not a good idea for Apple. We have to wait and see if Apple really starts to ‘Make in India.’

By Atanu Kumar Das