Apple Opens First Store In India

Apple has now opened its first store in India in the populous city of Mumbai on the western coast

© Apple

Expected earnings for Apple in the second quarter of 2023 in India alone are projected at $7B. The new store in Mumbai will be the first of many. Additional stores are expected in Bengaluru in Karnataka, known as a significant tech hub and several other destinations. In addition, Apple has moved some manufacturing from China to India, enabling direct iPhone production in the country and supported by its long-time provider, Foxconn.

Apple Moves Major Manufacturing to India

Apple Investing in Bengaluru, India with Foxconn

Apple CEO Tim Cook (right) talking with executives in India

In conjunction with Foxconn’s investment of $1B, Apple begins iPhone production plans in Bengaluru, India with the goal of moving major manufacturing out of China. The country has also attracted investment from Boeing for production processes.