Apple CEO Tim Cook opens Apple’s first India store in Mumbai

Apple CEO Tim Cook opens Apple’s first India store in Mumbai

Daily Current Affairs   /   Apple CEO Tim Cook opens Apple’s first India store in Mumbai

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Category : Business and economics Published on: April 20 2023

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  • Apple Chief Executive Tim Cook has launched the company's first retail store in India in the financial capital Mumbai.
  • The design of the Mumbai store - which is located in an upscale neighbourhood - has been inspired by the black-and-yellow taxis that are ubiquitous in the city.
  • India is also rising as a manufacturing base for the iPhone as Apple diversifies its supply chains away from China. India now accounts for 5% of total iPhone production.
  • It is widely anticipated that Cook will appear at the second store opening in Delhi on Thursday, April 20.
  • Apple Inc. is an American multinational technology company headquartered in Cupertino, California. 
  • Apple is the world's largest technology company by revenue, with US$394.3 billion in 2022 revenue. 
  • As of March 2023, Apple is the world's biggest company by market capitalization.
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