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Apple set to open its first physical stores in India

Apple is set to open its first physical stores in India in 2021.

Tim Cook - the tech giant's chief executive - has confirmed that the company is planning to open a store in India next year, and a online outlet later in 2020.

The move represents a significant step for Apple, as India is the second largest smartphone market in the world.

The opening of a physical store has been in the pipeline for some time, but Cook outlined a specific timeline at Apple's latest annual shareholders' meeting.

In recent times, demand for Apple products has been slowing in China - which is the world's largest smartphone market - and so it's increasingly important that the brand spreads its influence into new markets, like India.

Last month, meanwhile, Apple credited demand for the iPhone 11 for its record sales and profits.

The tech giant saw an eight percent year-year-year rise to £70.5 billion in the last three months of 2019, while net profits also rose by 11 percent to £17 billion.

The gains were pushed by demand for both iPhones and accessories like watches and Airpods.

According to Apple, some £60.7 billion of the profits came from products, while the rest came from services, including the likes of Apple Pay, Apple TV+, Apple Arcade and the App store.

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