— *Walter Bloomberg (@DeItaOne) August 25, 2020 Earlier this year, CEO Tim Cook said that the company will open an online store this year in India, followed by a physical store the next year. We’ve asked Apple to provide more details, and we’ll update the story if we hear back. The company is also doubling down on production efforts in the country as it has started assembling the new iPhone SE 2020 locally. Plus, the firm is reportedly aiming to make it’s upcoming iPhone 12 in India by mid-2021 and create 10,000 jobs in the southern state of Karnataka. Apple dominated India’s premium market with almost 50% market share in Q2 2020, thanks to the stellar sales of the iPhone XR and the iPhone 11. However, its overall market share is less than 5% in the country. Did you know we have an online event about ecommerce coming up? Join the Checkout track at TNW2020 to explore the latest retail tech innovations and best practices.
