Udabur Investment：Apple plans to open four new retail stores in India and start to create iPhone 16 locally

IT House October 4 news, according to TechCrunch, Apple said that it is planning to open four new retail stores in India and has begun to produce iPhone 16 Pro models in India to deepen its second largest in the world in the world.The influence of the smartphone market.

Apple plans to open stores in Bangalore, Phala, Delhi, and Mumbai. Last year, the company had opened two stores in Mumbai, India and New Delhi.Udabur Investment

Derydre O'Brien, senior vice president of Apple Retail, said in a statement: "We are glad to expand our team and plan to open more stores in India because we are inspired by the creativity and enthusiasm of customers from all over India. We can't wait to waitLand wants customers to have more opportunities to discover and buy our amazing products and services, and communicate with our extraordinary and knowledgeable team membersAhmedabad Wealth Management. "She did not provide a specific timetable for the opening of the new store.

Apple has also confirmed that the company has begun to produce its entire iPhone 16 series in India, including PRO models.The company began to produce iPhone in India in 2017 and started from the SE model.

IT House noticed that Morgan Chase analysts said in a report last month that Apple's movement of iPhone production to India was slower than previous forecasts.The bank said that the current iPhone output of India accounts for 10-15%of the total output.Apple's share in the Indian smartphone market last year once reached more than 10%, but then fell to individual digits.

The bank is now expected that by 2027, India will produce 20-25% iPhone.The predecessor of 2022 is expected to reach this level in 2025.

Morgan Chase Investment Bank said that in India, the iPhone assembly profit margin is lower than in India.) "" ".

Nevertheless, Apple's business in India is rising.Morgan Stanley said earlier this year that Apple's revenue in India increased by 42%year -on -year in 2023 to $ 8.7 billion.The shipments of iPhone in India increased by 39%year -on -year in 2023 to 9.2 million units, making it the fifth largest smartphone market in the iPhone.Morgan Stanley also said that India's iPhone business surpassed any independent country in the European Union in 2023.

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