Apple Seeks to Open First Stores in India as Growth Slows
- Company targeting consumers in world's second-largest country
- Apple searching for growth as Chinese economy decelerates
Excited crowd flocked at The Great India Palace mall to buy newly launched Apple iPhone s in India. The company filed a request with the Indian government to open its own stores.
Photographer: Hindustan Times/Hindustan Times via Getty ImagesThis article is for subscribers only.
Apple Inc. applied to open its own stores in India for the first time, a strategy that may help it better target a fast-growing market just as iPhone sales may be peaking.
Apple said Wednesday it’s filed a request with the Indian government to bring its retail outlets to the world’s second-largest country. Emerging markets will prove crucial to Apple as some analysts predict a decline this year in sales of the iPhone, which accounts for about two-thirds of the company’s revenue.