<ul><li>Apple is set to open its third retail store in India at Bengaluru’s Phoenix Mall of Asia.</li><li>The new store will be located in 8,000 sq ft of space and is part of Apple's expansion in the Indian market.</li><li>Apple has signed a lease for the space, with an annual rent of ₹2.09 crore and 2 percent of gross revenue to the landlord for the first three years.</li><li>This move aligns with Apple's strategy in India, where it has been increasing local production and aims to double its output to 80 million units by 2026.</li></ul>

Apple to open third store in India at Bengaluru’s Phoenix Mall of Asia

Discover more