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 22, 2018
Hyperlocal delivery startup Grab raises Rs.9 crore from SIDBI venture capital via share sale. ...More
By Akshay Arora
February 22, 2018
Gurugram-based home rental startup FastFox raises $10 million from Blume ventures, Lightspeed Ventur ...More
By Akshay Arora
February 22, 2018
Gurugram based HR-tech startup Bash.ai acqui-hires UX design expert Wemo. ...More
By Akshay Arora
February 21, 2018
Capillary Technologies raises $20 million from existing investors Warburg Pincus and Sequoia Capital ...More
By Akshay Arora
February 21, 2018
B2B trading platform Udaan raises $50 million in Series B led by Lightspeed Venture Partners and Yu ...More
By Akshay Arora
February 21, 2018
Agri-tech startup Agricx Lab raises Rs.3.2 crore funding from Ankur Capital. ...More
By Akshay Arora
February 20, 2018
Fintech startup Aye Finance raises Rs.25 crore from Hinduja Leyland Finance and Intellegrow. ...More
By Akshay Arora
February 19, 2018
Bengaluru-based car rental platform Zoomcar secures $40 million funding from Mahindra and Mahindra t ...More
By Akshay Arora
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