Apple (NASDAQ:AAPL) is opening its third store in India, in the tech hub Bengaluru, in the Indian state of Karnataka.
The store, located in the Phoenix Mall of Asia, will open on Sept. 2.
Apple did not immediately respond to a request for comment from Seeking Alpha.
The iPhone maker currently has two stores in India — one in Mumbai and another in Delhi. Apple’s CEO Tim Cook attended the openings of each store in 2023.
Apple’s iPhones account for 5% of India’s over 700 million smartphone users, according to Counterpoint Research. However, the world’s most populous country offers a huge scope for growth, as per Cook, Bloomberg News reported.
The U.S. tech giant, reportedly, is also ramping up iPhone production in India at five factories, including a pair of recently opened plants, as it seeks to reduce its reliance on China for U.S.-bound models. The company is producing all four iPhone 17 models in India ahead of their debut next month.