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Alphabet : Google looking to launch stores in India to boost Pixel sales

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12/26/2017 | 12:37pm CEST
FILE PHOTO: Google logo on office building in Irvine, California

(Reuters) - Alphabet Inc's Google (>> Alphabet) is looking to launch brick-and-mortar stores in India to boost sales of its Pixel smartphones, the Economic Times newspaper reported on Tuesday, citing three people with knowledge of the matter.

(Reuters) - Alphabet Inc's Google (>> Alphabet) is looking to launch brick-and-mortar stores in India to boost sales of its Pixel smartphones, the Economic Times newspaper reported on Tuesday, citing three people with knowledge of the matter.

Google is exploring the idea of physical stores after finding an encouraging response to more than a dozen pop-up stores opened in malls across the country to showcase the second generation Pixel phones, the newspaper reported.

Google responded to a Reuters query saying that it does not comment on rumors or speculations.

India is the world's second biggest wireless market with 1.2 billion mobile subscribers, which is currently dominated by South Korea's Samsung Electronics Co Ltd (>> Samsung Electronics Co Ltd), and Chinese players including Xiaomi, Oppo and Vivo.

(Reporting Bby Arnab Paul in Bengaluru; Editing by Robin Pomeroy)

Stocks treated in this article : Samsung Electronics Co Ltd, Alphabet
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SAMSUNG ELECTRONICS CO LTD --End-of-day quote.
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EBIT 2018 33 174 M
Net income 2018 30 230 M
Finance 2018 88 665 M
Yield 2018 -
P/E ratio 2018 23,84
P/E ratio 2019 21,45
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