Apple's New India Stores Shatter Expectations With Mind-Blowing Sales
Portfolio Pulse from Shomik Sen Bhattacharjee
Apple's two new retail stores in India have set new sales records, generating over $26-30 million each in monthly sales. The Mumbai store is now among the top 10 Apple-owned stores worldwide, while the New Delhi store generates almost equivalent revenue despite being half the size.
June 01, 2023 | 10:53 am
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Apple's new retail stores in India have exceeded expectations, generating over $26-30 million each in monthly sales, potentially boosting the company's overall revenue.
The new retail stores in India have generated impressive sales figures, which could contribute to Apple's overall revenue growth. The Mumbai store is now among the top 10 Apple-owned stores worldwide, and the New Delhi store generates almost equivalent revenue despite being half the size. This success is attributed to the high average selling price of Apple products and consistent foot traffic, surpassing Apple's internal sales projections.
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