Apple’s CEO Tim Cook is stated that he would visit India later this week to meet PM Narendra Modi. The iPhone maker seeks to cash in on the “huge potential” in the world’s second largest smartphone market. It is expected that Tim Cook would discuss the matters which pertain to manufactures in India and the potential of the Indian technology market, according to sources.
Contrarily, Apple has declined to comment on his schedule when contacted. Cook’s visit, following a trip to China, comes at a crucial time since Apple looks for new rise in markets after posting its first ever decrease in iPhone sales, and as India has denied it permission to sell refurbished phones – a move seen as key to appealing to price-sensitive local consumers. While Addressing the analysts in a conference call, Cook has stated that India presents a “really great opportunity” but slow networks and the informal retail structure across the country is holding the company back from realizing its full potential.
While its sales in China , its second-largest market after the US, fell 11 per cent, in India iPhone sales were up 56 per cent from a year ago. His perspective was that India was in the same situation as China is now facing 10 years ago and there would really be a great opportunity there.
Samsung led the India smartphone tally with 29 per cent share. Other top players included
- Micromax (17 per cent share)
- Intex (10 per cent)
- Lenovo (8 per cent)
- Reliance Jio’s Lyf (7 per cent)
- and Karbonn (5 per cent).
A second source said India was keen to know if Apple had plans to set up production facilities for the local market, which would be a boost for Modi’s “Make in India” manufacturing push.According to the statistics, Apple in India recorded a stellar 62 per cent growth in the first quarter from the year-ago period, though on a lower base. India is a big market for Apple’s other products as well, including the iPad and iPod.