Apple Inc. confirmed plans to open a second retail store in Mumbai, expanding its physical presence in India, executives said during the company's earnings conference call.
Chief executive Tim Cook said Apple plans to add another store in Mumbai after opening its fifth retail outlet in India during the December quarter. He did not provide a timeline or disclose the location of the proposed store.
The confirmation comes as Apple reported record December-quarter revenue in India and said demand across products and services remained strong, supported by growth in first-time buyers and an expanding installed base.
Mumbai Expansion
Apple did not confirm where in Mumbai the new store will be located.
However, earlier reports have indicated that Apple had been planning a store at the Oberoi Sky City Mall in Borivali, a suburb of Mumbai.
Apple executives did not comment on those reports during the call and said only that the company intends to open another Mumbai store as part of its retail expansion in India.
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Record India Quarterly Revenue
Apple posted its highest-ever December-quarter revenue in India, driven by strong demand from first-time buyers across iPhone, Mac and iPad, company executives said on Thursday. Apple highlighted India as one of its strongest-performing markets during the quarter, alongside China and the United States, as it reported record global revenue for the period.
Chief executive Tim Cook said Apple set quarterly revenue records in India for iPhone, Mac and iPad, alongside an all-time high in services revenue during the period.
“We did set a quarterly revenue record during December,” Cook said, adding that Apple also recorded “quarterly revenue records on iPhone and Mac and iPad, and an all-time revenue record on services” in India.
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