Monday, June 11, 2007

India may get its first Apple Store

This might curb the people's propensity to buy Apple products from the Gray Market.
"Mukesh Ambani-led Reliance Retail is actively negotiating with the $19.3-billion Apple Inc of the US to bring its high-end Apple Store to India. If the deal falls into place, India will be only the second Asian country after Japan and the sixth country outside the US to have an Apple retail outlet. Given that an Apple Store is a single-brand retail outlet, Apple Inc can hold up to 51% equity in the venture"
An Apple Store in India will succeed only if products are priced competitively w.r.t. the pervasive gray markets. A competitively priced store bought product has two attributes that I can never get from the gray market - it is certified original, and it comes with a warranty. These 2 factors put together make me more comfortable while dropping approximately 10k rupees on a device. Go Apple...

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