Apple doubles down on India with third store amid U.S. tensions

Apple is set to expand its retail footprint in India by opening its third store at Bengaluru’s Phoenix Mall of Asia, as reported by Business Standard. The move underscores the company’s commitment to the Indian market, at a time when this growing partnership is provoking tension with President Trump. According to the report, the new store will occupy approximately 8,000 square feet on the first floor of the Phoenix Mall of Asia in Hebbal, Bengaluru. This size is comparable to Apple’s Delhi outlet, but smaller than its flagship Mumbai store, which spans over 20,800 square feet. Additionally, the lease (which is set for 10 years) includes a revenue-sharing component, a common arrangement in high-traffic malls: Apple will pay 2% of the store’s revenue for the first three years, increasing to 2.5% thereafter. This expansion aligns with Apple’s broader strategy in India. CEO Tim Cook recently confirmed plans to open four new retail stores in the country, including locations in Pune, Mumb ... Read full article.