Apple Sees Opportunities in India

May 18, 2016

According to reports, Cook plans to introduce the accelerator program for iOS developers and to make known the development center for digital maps in Hyderabad. The CEO also said that he was encouraged by the results that the company is beginning to see there (India) and believe there is a lot lot more.

“I view India as where China was maybe seven to ten years ago from that point of view, and I think there’s a really great opportunity there,” Cook explained further. In China, Apple currently has 33 stores which helped to boost the company’s revenue by approximately 25 percent.

The Indian market for the smartphone was believed to surge as the users are estimated to be around 200 million in 2020. In the next five years, the prize is more than one billion in smartphone sales, a research revealed. Supporting the assessment of the researcher, the consumption of the smartphones has significantly increased from January to March.

Meanwhile, the challenge for the American multinational technology company is the fact that the consumers in India are among those who would not pay much for their gadgets.

Before the announced visit of Cook, India closed its doors for the refurbished iPhones that the tech giant would like to sell in the country. Speculations arose that the CEO might discuss the possibility of opening its first ever retail stores in India.

Vishal Tripathi, a research director at Gartner India, commented that Mr. Cook is certainly going to come with an agenda. He added that high on that list is permission to open Apple Stores in India, bring up the closed chapter of importing and selling refurbished phones in the country and also explore what’s in it for Apple if it brings assembly and manufacturing to the country.

Earlier today, Apple changed hands higher to $94.01, adding 0.19 percent with a market capitalization of 534.98 billion. Currently, the stock has a price earnings ratio of 10.48 and a dividend yield of 2.42 percent.

Publication source
Trade12 information  Trade12 reviews

September 29, 2016
Commodity currencies jump as Oil rally following output-cap deal
Volatility increased significantly on Wednesday despite the lack of economic releases today. However, all eyes were turned on OPEC meeting along with crude oil inventories during the U.S trading session...
September 29, 2016
Informal OPEC meeting seizes limelight
Global stocks were chaotic on Tuesday with most equities vibrating between losses and gains as the mixture of anticipation ahead of OPEC’s informal meeting and ongoing discussions over the results of the first presidential debate created explosive levels of volatility...
September 28, 2016
Asian shares traded in green as Europe slowly plunges
US Dollar can't get out of the range of 95.00-95.50 after the FED has investors waiting for the results of Algiers meeting, where Oil officials will try to work out measures to level energy market volatility...

OctaFX Rating
XM Rating
Orbex Rating
FXTM Rating
Fort Financial Services Rating
HotForex Rating

Beeoptions Rating
Binary Brokerz Rating
TopOption Rating
OptionBit Rating
24option Rating
EZTrader Rating