Apple CEO Tim Cook Opens Doors To An Eager Crowd At Saket Store In Delhi

After Apple’s first retail store in Mumbai’s Bandra Kurla Complex (BKC), the iPhone maker opened its second flagship outlet in New Delhi’s Saket on Thursday. Chief Executive Officer (CEO) Tim Cook inaugurated the physical retail store.

The opening of the Apple store coincides with the company’s 25th anniversary in India.



On Thursday morning, a large crowd gathered at Select Citywalk to witness the opening of the tech giant’s second official retail store in India. Cook welcomed customers and even took photos with fans before the store opened its doors at 10 am on the dot.

“What an incredible reception, Delhi, thank you! We’re delighted to welcome our customers to our newest store — Apple Saket,” 62-year-old Cook tweeted, shortly after the store’s launch.



Appleheads trickled in as early as 6 am. Some wanted to upgrade. Most wanted to meet and greet the CEO and experience the store.

Thirty-year-old Ayush wanted to show his prized collection to Cook and perhaps get it autographed: the iBook G3 clamshell — Apple’s first laptop with WiFi connectivity launched in 1999; the original iPhone — retroactively known as iPhone 2G; and an Apple Watch Series 0 — the first-generation wearable which was the very first product announced by Cook after he took over the reins in 2011.



Diljot Singh, a native of Punjab, was lucky to get his iPad signed by Cook. “I couldn’t have asked for more,” he gushed.

About half the size of the Mumbai store at 8,400 square feet, the Apple Saket store employs 70 retail team members — 50 per cent being women — who come from 18 different states in India and collectively speak more than 15 languages.



Belying its small size, the Saket store offers all the expected services like any other Apple store. It features a uniquely designed curved storefront with white oak tables displaying Apple products and accessories, as well as a feature wall.

There’s a dedicated Apple Pickup station. Apple Pickup allows buyers to order online and collect their devices in-store at a convenient time.



For hands-on technical and hardware support, visitors can make a reservation at the Genius Bar for help from a ‘genius’, of course.

‘Today at Apple’ sessions, led by Apple Creatives — employees who are themselves talented artists and creators — was a big hit. The sessions, they say, have already been fully booked for the next few weeks.



The Apple of India’s eye

Notwithstanding the relatively small 4.6 per cent market share for Apple’s smartphones in India, the Cupertino-headquartered firm is the top dog in the premium segment, according to data from IDC India, a market intelligence platform.



Apple has been on an incremental path towards cutting a bigger piece of the smartphone pie in India. The firm’s smartphone shipments grew from 2.7 million in 2020 to 4.8 million in 2021, to reach 6.7 million in 2022.

The new stores in Mumbai and New Delhi are Apple’s first step in building a larger, more-personalised retail footprint in India. The company has a workforce of 2,500 employees across the country, including ones that have joined the roster by way of the new stores.



Much ground, however, remains to be covered. Analysts are of the view that the launch of Apple’s new retail stores will not have a big impact on the firm’s market share in India. The two new stores still pale in comparison to Apple’s larger network of retail partners across the country, including its 100 premium resellers.

“This is more about customer experience,” says Tarun Pathak, research director, Counterpoint, adding, “Customers can get a more positive brand experience by visiting these stores, creating a lot of mindshare first, which will slowly be converted into market share.”

Apple has been gunning for the top spot in the premium segment for the past three years now, and these stores are likely to give a fillip to this endeavour. With reports of the company now ramping up its manufacturing in India, how it manages to capitalise on these developments remains to be seen.

RECENT NEWS

Central Banks And The Economic Horizon: Steering Through Uncertaintie

In the evolving landscape of global financial markets, the strategic role of central banks has come under intense scruti... Read more

Transforming Financial Operations With Robotic Process Automation

Author: Ricardo Goulart                           ... Read more

The Role Of Machine Learning In Fraud Detection

        Author: Gerardine Lucero                  &nbsp... Read more

Principles Of Islamic Banking And Finance

When it comes to banking, a significant new contender has entered the ring. The principles of Islamic banking and financ... Read more

The Role Of Central Banks In Global Economy

The role of central banks in global economy is a stimulating topic that requires profound understanding. Commonly, centr... Read more

History Of Banking Evolution In The 21st Century

Throughout time, the banking sector has assumed a central role in the smooth functioning of economies, generating growth... Read more