Apple Reseller closes after Tech Giant's Store opens in India

Apple's premium reseller, Imagine, has closed its outlet in Delhi's Select City Walk mall just days after Apple opened its exclusive store. According to a report by ET, Apple had shared a list of 20 resellers with the mall management that were not allowed to open stores near the company's showroom in the national capital. The mall operator chose not to extend Imagine's lease citing the belief that the Apple Store would sell more products and render another Apple reseller unnecessary. Imagine was one of Apple's oldest partners and had been operating in the mall since 2014. Normally, retailers have a lease of nine years and increase their rent every three years. Since Imagine's store opened in 2014, its lease was coming to an end.