In Markets

Destination Thailand for Apple’s second retail store in SEA

Destination Thailand for Apple's second retail store in SEA

Apple  continues to increase its efforts in Southeast Asia’s fast-growing market after it picked Thailand as the location for its second Apple Store in the region.

SEE ALSO : Apple to open 1st retail store in Seoul on 27 January 2018

Apple will operate a retail store at the soon-to-open Iconsiam which is set to become Bangkok’s largest mall when it opens next month.

The Apple Store is set to open its doors on November 10.

The new store follows the opening of an Apple Store in Singapore last year, which marked the U.S. firm’s first official brick and mortar presence in Southeast Asia, a region of 650 million consumers that has more internet users than the U.S. population.

Apple doesn’t break out sales figures for Southeast Asia.

The region is part of the ‘rest of Asia Pacific’ bracket which excludes Japan and China and accounts for around six percent of Apple’s global revenue.

That is a drop in the proverbial ocean for Apple, but Southeast Asia is one of the few parts of the world where smartphone sales continue to grow at a double-digit percentage.

With its devices accounting for a minor share of the region’s markets, primarily due to pricing and a lack of carrier subsidies, it makes sense that Apple is stepping up its retail focus.

Source: Apple

Apple’s official presence in Asia had been limited to China, Hong Kong and Japan until recent times when it opened stores in Korea, Taiwan and Singapore.

Apple is reportedly considering Indonesian capital Jakarta and Vietnam as its next store launch markets in Southeast Asia.

SEE ALSO : All eyes on ICONSIAM, the 750,000sqm landmark development in Bangkok

Right now, most countries in Southeast Asia are served by ‘licensed’ Apple stores from third-parties, unofficial retailers, Alibaba-owned e-commerce service Lazada and Apple’s own online store.

Outside of the region, it has long tried to bring its iconic stores to India, but regulations on operating physical stores have hampered its progress.

(Source: Techcrunch)

Follow Retail in Asia on Facebook, Twitter and LinkedIn.

Get our top stories delivered to your inbox:


Stay ahead
Subscribe for free!
Register now
Stay ahead