With the opening of the first two stores, Apple will become a full-stack player in India, managing everything from manufacturing to retail.
India’s first Apple Store retail store opened today in Mumbai, a flagship retail store at Jio World Center in BKC. The tech giant will open another store in Saket, Delhi on April 20. The unprecedented presence of two Apple Stores in two days underscores the importance of India as a market for Apple.
Why is the Apple Store important?
Apple has been unable to open stores in India earlier due to regulatory restrictions on single-brand retailing. So far, it has stores run by Indian partners such as Imagine and Future World. With the opening of the first two stores, Apple will become a full-stack player in India, managing everything from manufacturing to retail.
On Monday, it claimed it was also “supporting over 1 million jobs in India” through its developer network. At the new company-owned store, Indian shoppers can walk in and buy an iPhone made in India, highlighting the company’s 25-year history in India.
The Apple Software Store, also known as the App Store, is a digital distribution platform for mobile apps on iOS devices.
The value of the App Store can be seen in several ways:
Revenue: The App Store generates significant revenue for Apple, with over $64 billion in revenue generated in 2020 alone. This revenue comes from a 30% commission Apple charges on all app sales and in-app purchases.
Accessibility: The App Store provides a centralized location for users to find and download apps for their iOS devices. This makes it easy for users to discover new apps and for developers to reach a large audience.
Quality control: The App Store has strict guidelines for app submission, which helps ensure that apps are of high quality and are safe for users to download. This helps protect users from malware and other security threats.
Developer support: The App Store provides developers with resources and tools to help them create and distribute their apps. This includes development tools, marketing support, and access to a large audience of iOS users.