Apple launched its first South Indian retail store in Bengaluru's Phoenix Mall with a ₹2.09 crore annual lease, marking a significant expansion in India's tech and commercial real estate landscape.

Apple Inc.'s newest location in Bengaluru, India's innovation hub, has greatly increased its footprint in the nation. This shows the U.S. company's increasing commitment to India, the second-largest smartphone market, and its diversification outside China.