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Apple Inc.
AAPL is planning to open 500 stores in India, including smaller towns and cities, reports
Times of India. According to sources, the stores will range in size from 300-600 square feet.
Apple has two major distributors in India, Redington and Ingram, who supply products to regional distributors. Redington accounts for almost 70% of Apple's sales in the country.
Apple closed Thursday at $115.49, losing $0.44.
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