Category : Business and economicsPublished 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.
