Apple Attempts To Boost Revenue From India By Focusing On Its Newly-Opened Retail Stores
Portfolio Pulse from Arpit Nayak
Apple Inc (AAPL) is reportedly focusing on its retail stores in India to boost revenue, following the opening of its first retail outlet in the country in May. The company has almost doubled sales targets for franchisee-owned exclusive retail stores and started offering discounts at its company-owned physical stores and online store in India. Apple has also increased the sales targets for its over 200 Premium Reseller stores in India. The company is also looking to manufacture more iPhones locally with the Tata Group.
July 06, 2023 | 7:11 am
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Apple's intensified focus on retail stores in India and increased sales targets could potentially boost its revenue and strengthen its position in the Indian market.
Apple's strategy to focus on retail stores in India, increase sales targets, and offer discounts could potentially increase its sales and revenue in the country. This could strengthen its position in the Indian market, which could have a positive impact on its stock price.
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