your password has been reset successfully, Please login again.

Tim Cook to expand Apple services in India

Apple sees potential in Indian market and want to scale up its operations here.
BY BEx Bureau
BusinessEx
Aug 04, 2017

Apple iPhone growth rate is falling down in some of the countries but the company is still keen to invest in India because of the upbeat market in India that may help the company to increase its sales of its product.

Apple has already made investments in opening up a manufacturing unit in Bangalore which in contract with Wistron and has also started its iOS accelerator last quarter. Now the company is also focusing on sales, supply chain and marketing channel division.

In an investor call, Tim Cook, CEO of Apple said, We began to produce the iPhone SE there (India) during the quarter, and were really happy with how thats going. And so we're bringing all of our energies to bear there. I see a lot of similarities to where China was several years ago.

A discussion is in process for over a past year between Apple and Central Government regarding setting up of a manufacturing arm of Apple in India but the procedure is picking up its pace slowly due to governments unwillingness to grant subsidies to the company as the government is planning to attract all the smartphone manufacturers to start their own manufacturing practices in India.

Apple is trying to scale up its operations in India with a plan to covert India into next China in sales, manufacturing and export of iPhone.

Please add your Comment
SIMILAR News
February 07, 2018
Chennai-based logistics startup Genie acquires food delivery startup Dinein in all stock deal. ...More
By Akshay Arora
February 07, 2018
Joveo raises $5 million from Nexus Venture Partners in Series A funding round. ...More
By Akshay Arora
February 06, 2018
Bengaluru-based healthcare startup healthi secures $3.1 million funding in a round led by Montane Ve ...More
By Akshay Arora
February 06, 2018
RoboticsWare child company FarEye raises Rs.61.5 crore funding in Series C round of funding led by D ...More
By Akshay Arora
February 05, 2018
Energy storage systems ION Energy buys Freemens SAS in part cash and equity deal. ...More
By Akshay Arora
February 05, 2018
Pratilipi raises $4.3 million (Rs.28 crore) funding from Omidyar Network and some new as well as exi ...More
By Akshay Arora
February 01, 2018
Browserstack raises $50 million investment in series A round led by Accel Partners. ...More
By Akshay Arora
February 01, 2018
Education solutions provider iNurture has raised Rs.28 crore funding from VentureEast and its existi ...More
By Akshay Arora
January 30, 2018
Investment platform Groww secures undisclosed amount of funding from Y Combinator, Mukesh Bansal and ...More
By Akshay Arora
January 30, 2018
Bengaluru-based fitness startup CureFit has raised debt financing of $10 million from Axis Bank and ...More
By Akshay Arora
January 30, 2018
Online wedding platform The Wedding Brigade raises Rs.6.35 crore ($1 million) in pre-series A fundin ...More
By Akshay Arora
January 29, 2018
Future Supply Chain Solutions buys Snapdeal's logistics arm Vulcan Express which handled almost half ...More
By Akshay Arora