It took Apple 15 long years from the year it first started selling its iPhone in India to now having a company-run retail store in the world's second-biggest smartphone market.
After facing several challenges over the years,?Apple?finally opened its first store in India yesterday, in Mumbai, and now prepares to open the next one in Delhi tomorrow. This historic moment for the tech giant makes it an opportune time to look back at the timeline of Apple's journey in India.
So here is a timeline of its 15-year journey in India:
Aug 2008: The iPhone 3G made its debut in India.
Jan 2011: Apple launches the iPad in India
April 2015: Apple hits $1 billion in annual Indian sales for the first time.
Jan 2016: Apple files an application with India's government to set up its own stores in India.
May 2016:?Apple CEO Tim Cook?met India's PM Narendra Modi amid expansion plans.
Also Read:?How A Lost?iPhone?Led To Warren?Buffett?Investing Billions In?Apple
June 2016: India relaxes its investment rules to allow foreign retailers to set up stores here.??
May 2017: Apple starts local assembly of the iPhone SE model in Bengaluru with contract manufacturer Wistron.
Sept. 2020: Apple launches its first online store in India.
Dec 2021: India's competition watchdog orders an investigation into Apple's in-app fee system.
Sept. 2022: Apple supplier Pegatron (4938.TW) inaugurates its first plant in Tamil Nadu state to start iPhone 14 production.
November 2022: Apple plans to shift 25% of iPhone production to India by 2025.
Jan. 2023: Apple becomes the first company to export smartphones worth $1 billion in a single month from India.
March 2023:?Apple India¡¯s revenue hits a record amount of nearly $6 billion.
April 2023: Apple will open its first two stores in India, in Mumbai (18 April) and Delhi (20 April).
Also Read:?At 4.15%, Interest Rate On Apple's New Savings Account Is Higher Than India's Major Banks
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