Apple has once again proven that it is the world's largest technology company
With its iPhone models that have swept the entire world, Apple has added another achievement to its record, demonstrating to everyone just how large a company it is.
In the contemporary digital era, the confines of our homes can encompass shopping, banking, and working, all carried out virtually. This virtual convenience has led some to question the relevance of brick-and-mortar stores. Yet, Apple's recent venture in India speaks to the contrary, reinforcing the enduring demand for physical retail spaces. Recent data reveals that Apple's duo of stores in India have been raking in a hefty sum of 22-25 crore Rupees, equivalent to approximately $3 million, in monthly sales.
Following a protracted period of anticipation, Apple inaugurated its first-ever physical store in India. Located in Delhi and Mumbai, these stores instantly garnered the interest of local consumers. These stores, averaging sales of about $3 million each month, have propelled Apple to the forefront of the country's electronics retail sector in terms of revenue generation.
Apple has once again proven that it is the world's largest technology company
Yet, prices for coveted products such as the iPhone vary significantly across geographical regions due to a range of factors, including tax policies. Despite this, India sits in a middle ground compared to some other countries. While it doesn't suffer extreme price hikes like Brazil and Turkey, it still falls slightly more expensive than the US and Europe. For instance, the prices for iPhone 14 in India are listed as follows:
The iPhone 14 with 128GB storage is priced at ₹79,900 ($966.45), the iPhone 14 Pro is priced at ₹99,900 ($1175.29), the iPhone 14 Max at ₹89,900 ($1064.89), and the iPhone 14 Pro Max at ₹109,900 ($1263.33).
A significant driver behind the relatively reasonable iPhone prices in India is the country's sales accessibility. However, one can't overlook the successful brand perception that Apple has cultivated. Despite high tax regimes in some countries, the company continues to generate robust sales figures.
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