After opening up a fancy new retail store in Union Square, Apple no longer needs its original San Francisco store on 1 Stockton Street — but it won’t be empty for long. New plans reveal there is demand for the space from one of Apple’s partners.
With Apple running into problems in China, it’s been upping its focus on India as another relatively untapped market where Cupertino hopes to expand its market share. But can India, which has a population of 1.25 billion people, really serve as a substitute for China, with its comparative 1.36 billion people?
Not according to a group of Mizuho Securities analysts, who argue that regulatory politics, competition, low wages and lack of carrier support are all obstacles in India which means it will struggle to offset a slowdown in Apple’s China business.
SAN FRANCISCO — The iconic glass staircase is gone. The interior is being gutted. The Apple logos have been covered up.
Rest in peace, Apple’s original flagship store in San Francisco, which opened to great fanfare just a dozen years ago. Apple recently opened a crazily detailed store just two blocks away on Union Square, and the old one is being rapidly dismantled.
Cult of Maccub reporter Lyle Kahney rode his bike downtown to snap a few photos of the old San Francisco Apple Store before it’s completely gone.
Apple’s plans to open own-brand Apple Stores in India may finally be gaining momentum, with a new report claiming that the Indian government is likely to give the company a two or three year exemption to local sourcing laws in order to establish its retail outlets in the country.