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Apple to open India online store in September - Bloomberg News

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Apple Inc is set to open an online store in India next month, Bloomberg News reported on Tuesday, citing a person familiar with the matter.

Adds background on Apple's store plans, smartphone market in India

BENGALURU, Aug 25 (Reuters) - Apple Inc AAPL.O is set to open an online store in India next month, Bloomberg News reported on Tuesday, citing a person familiar with the matter.

The iPhone maker currently sells its products in the country through third-party vendors and e-commerce firms such as Amazon.com Inc AMZN.O and Walmart Inc-owned WMT.N Flipkart.

The company's online store will be ready for operation in time for the festive season that culminates in Diwali, the biggest spending season in the country, Bloomberg said.

Apple did not immediately respond a Reuters request for comment.

Chief Executive Officer Tim cook had said earlier this year that Apple would open its first Indian retail store in 2021.

With more than 1 billion wireless subscribers, of which about a third rely on basic handsets, India provides huge growth prospects for smartphone makers, as well as cheap labor to manufacture the devices.

Apple also assembles some smartphones, including the iPhone 11, at Foxconn and Wistron's plants in two southern Indian states.

(Reporting by Derek Francis in Bengaluru and Sankalp Phartiyal in New Delhi; Editing by Aditya Soni)

((Nivedita.Bhattacharjee@thomsonreuters.com; Mobile: +91 9920455129; Office: +918067491310;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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