Apple has also opened its first store in Mumbai but Jio company will also make profit of crores of rupees every year from this store. Number one – A store of Apple has opened at Jio Mall. Which will be filled by the overall footfall of Jio Mall. And it will be Jio’s brand which will directly benefit Reliance Jio. Number two – Apple has lease this Store from Jio for 11 years. Due to which the Apple company will have to pay a rent of 42 lakhs every month. Which will increase 15 percent every third year. number three – Reliance will have to pay 2% of whatever revenue the Apple company gets from the store for the first 3 years and after 3 years Apple company Share 2.5 Percent of revenue to jio.
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