February 26, 2020 / 6:33 PM / a month ago

Apple to open first retail store in India next year, Tim Cook says

FILE PHOTO: The Apple logo is shown atop an Apple store at a shopping mall in La Jolla, California, U.S., December 17, 2019, 2019. REUTERS/Mike Blake/File Photo

CUPERTINO, California - (Reuters) - Apple Inc (AAPL.O) will open its first physical retail store in India in 2021, Chief Executive Tim Cook said on Wednesday.

Responding to a question from a shareholder at Apple’s annual shareholder meeting in Cupertino, California about the company’s plans for India, Cook said Apple would start selling its products online in the country this year and will open its first Apple-branded store there next year.

“We needed to get approval from the government to go in there ourselves” rather than with a domestic partner, Cook said. “I don’t want somebody else to run the brand for us.”

Reporting by Stephen Nellis in Cupertino, California; Editing by Nick Zieminski

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