“Apple Inc., maker of iPhones and Mac computers, will set up three of its own retail stores — the iconic Apple Store — in Delhi, Bangalore and Mumbai within the the next 18 months,” Ramarko Sengupta reports for FactorDaily, citing “a source familiar with the decision.”
“Apple will also unveil a start-up accelerator in India, the first such initiative by the company, to incubate ideas mostly around applications built for iOS, the Apple operating system,” Sengupta reports. “The announcement will be made later this week, when Apple chief executive officer Tim Cook visits India.”
“Each Apple Store will be spread across 10,000 square feet and will be located at high street locations of the three metros,” Sengupta reports. “The stores, for which Apple executives are searching for real estate, will need an investment of $3 million to $5 million (Rs20 crore to Rs33 crore) each, the source, who has worked with Apple in setting up its stores in the past, said.”
“In India, a team of 40 Apple executives has been working out of a Gurugram (formerly Gurgaon) office for the past few months to put the project together,” Sengupta reports. “Mostly expatriates, these employees work with the retail group of Apple and report directly to Apple’s headquarters in California.”
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MacDailyNews Take: We’re hearing much the same thing for trusted sources.