AAPL Stock Up 0.5%, Apple Plans Launch for First Online Store in India

AAPL Stock Up 0.5% in Pre-market, Apple Plans September Launch for First Online Store in India

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by Tolu Ajiboye · 3 min read
AAPL Stock Up 0.5% in Pre-market, Apple Plans September Launch for First Online Store in India
Photo: Apple Inc

Amid recent expansions, Apple has announced the commencement of its first online store in India on the 23rd of September. AAPL stock is up less than 1% in the pre-market trading.

Apple Inc (NASDAQ: AAPL) is planning to launch its first online store in India in the coming week. According to the announcement, the online store will offer a full rage of Apple products to interested customers all over the country. The store will also offer unique price offerings to students in need of Macs or iPads. The launch coincides with the country’s festive season, where retailers make their biggest sales of the year.

Apple Plans to Launch Online Store in India

Currently, Apple assembles some of its smartphones, including the iPhone 11, in two southern Indian states. However, the American technology company currently sells its products in the country through e-commerce firms and third-party vendors. These vendors include Amazon.com and Flipkart.

Now, customers will be able to purchase their Apple products through the new online store, starting from the 23rd of September. Apple’s senior vice president of Retail + People, Deirdre O’Brien, commented on the upcoming launch:

“We’re proud to be expanding in India and want to do all we can to support our customers and their communities… and by bringing the Apple Store online to India, we are offering our customers the very best of Apple at this important time.”

Also, the technology company will offer assistance to customers in both English and Hindi. In addition, users will have the choice to engrave their iPads and Apple Pencils in English. Also, engraving of emoji for AirPods will be available in English, Bengali, Hindi, Kannada, Gujarati, Marathi, Telugu, and Tamil.

Regarding delivery, Apple has plans to ship all ordered goods to customers with no contact between the Apple teams and customers. According to the technology company, the move is for the health and well-being of its workers, customers, and communities. The company also added:

“…orders that do not require a signature will be left at the customer’s door, and those that do will need only a verbal confirmation from a safe distance instead of a written signature.”

Recent Apple Growth

Recently, Apple expanded its business into the tech-fitness market. Earlier this week, the company unveiled a new fitness subscription service called Fitness+ at its annual Apple Event. This would cater to customers working remotely during this stay-home period. There would also be several exercise options available for users, including yoga, treadmill workouts, cycling, and many others.

In addition, Apple added an instructional program called the Absolute Beginner programme. This is to help first-timers go through the exercises from the basics, while preparing them for the advanced level.

Furthermore, the company has launched a variety of new products, including the Apple Watch Series 6 and SE. The newly-launched products also include the new 8th generation iPad, the new iPad Air, and others.

At the launch event, Apple announced that the new Apple One subscription would be available in 100 countries. The Apple One service bundles would include video, music, news, and more features.

Currently, at a premarket price of $110.98, Apple is up 0.58% over its previous close of $110.34. Over the last twelve months, Apple’s stock has increased over 100%. Record also shows that AAPL has jumped over 50% since the year began. In addition to the recent gains, Apple has also grown 26.20% in the last three months.

However, the company fell 11.28% in the last month and over 1% in the last five days.

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