Technology

Apple to sell iPhones directly to Indian customers through webstore first, says report

Updated : August 29, 2019 10:58 AM IST

Setting up an online store for the iPhone maker will take about 3-4 months, the report said.

Presently, Apple has online sales partnership with Amazon, Flipkart and Paytm Mall in the country.

Apple to sell iPhones directly to Indian customers through webstore first, says report

Apple will start selling its iPhones first via a webstore to Indian customers as the government on Wednesday allowed foreign single-brand companies to sell products directly via online stores, The Economic Times reported, citing two industry sources.

While setting up an online store for the iPhone maker will take about 3-4 months as it involves duplicating its global online store template for the Indian market, the brick-and-mortar store to be set up in Mumbai will take about 12-18 months, the report said.

When CNBC-TV18 reached out to Apple, the spokesperson said, "We appreciate the support and hard work by Prime Minister Modi and his team to make this possible and we look forward to one day welcoming customers to India’s first Apple retail store. It will take us some time to get our plans underway and we’ll have more to announce at a future date.”

The centre has allowed exports and contract manufacturing to be counted in the mandatory 30 percent local sourcing norm over a period of five years.

"About 35-40 percent of iPhone sales in the country come from e-commerce and hence the company wants to latch onto this opportunity," one of the Apple executives told ET, adding that “online is also a big sales driver for iPad tablets and MacBook laptops, and contributes over 25 percent of annual sales in India.”

Presently, Apple has online sales partnership with Amazon, Flipkart and Paytm Mall where the company authorised third-party sales of its products.

Since Apple has started assembling iPhones in the country through contract manufacturing and has plans to extend its operations, the iPhone maker will be able to meet local sourcing norms easily, one of the sources told ET. Apple has started exporting iPhones from India.

Have you signed up for Primo, our daily newsletter?

It has all the stories and data on the market, business, economy and tech that you need to know.

To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

Apple to sell iPhones directly to Indian customers through webstore first, says report

You May Also Like

UP to build $1 trillion economy with help from IIM-Lucknow, says CM Adityanath

CNBC-TV18 Markets This Week: Sensex, Nifty end over 1% higher, Yes Bank top gainer, ZEEL top loser

Real estate sector needs Rs 1 lakh crore over the next one year, says Niranjan Hiranandani

Trending on CNBC-TV18

recommended for you