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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Apple Inc.    AAPL

APPLE INC.

(AAPL)
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Apple : to Launch Online Store in India on Sept. 23

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09/17/2020 | 11:42pm EDT

By Ben Otto

Apple Inc. will launch an online store in India on Sept. 23 as the tech titan bids to expands its footprint in a major market.

Apple said the store will offer its full array of products and customer services in the South Asia nation for the first time. That includes offering financing options and special pricing for students, as well as a trade-in program, the company said.

"We're proud to be expanding in India and want to do all we can to support our customers and their communities," Apple executive Deirdre O'Brien said in a statement.

The move could help Apple tap into growing demand for smartphones, computers and other consumer technology in the fast-growing nation. Apple has about a 1% share of India's smartphone market and sold around 2 million phones in the country last year, according to estimates by Counterpoint Research.

The debut of online sales in India will likely also be the precursor to the opening of brick-and-mortar stores. Apple Chief Executive Tim Cook said earlier this year that the company would open a first physical store in India in 2021.

Indian consumers have been the main engine of growth for Asia's third-largest economy, as well as the primary target of billions of dollars in foreign investment in recent years. India has been one of the the world's fastest-growing major economies, posting economic growth rates above 8% several years ago.

 

Write to Ben Otto at ben.otto@wsj.com

 


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Financials (USD)
Sales 2020 273 B - -
Net income 2020 56 825 M - -
Net cash 2020 72 447 M - -
P/E ratio 2020 34,4x
Yield 2020 0,71%
Capitalization 1 902 B 1 902 B -
EV / Sales 2020 6,71x
EV / Sales 2021 5,90x
Nbr of Employees 137 000
Free-Float 99,9%
Chart APPLE INC.
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Technical analysis trends APPLE INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 41
Average target price 122,36 $
Last Close Price 111,20 $
Spread / Highest target 34,9%
Spread / Average Target 10,0%
Spread / Lowest Target -36,2%
EPS Revisions
Managers
NameTitle
Timothy Donald Cook Chief Executive Officer & Director
Arthur D. Levinson Chairman
Jeffrey E. Williams Chief Operating Officer
Luca Maestri Chief Financial Officer & Senior Vice President
Kevin M. Lynch Vice President-Technology
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