Apple might be able to open its exclusive stores in India sooner than expected as CEO Tim Cook seeks to explore growth opportunities in the second largest smartphone market in the world.
A Bloomberg report quoted a source who claimed that the Indian government was pushing Apple’s application. He added that the company will resubmit the application as it was not in the right format without giving a timeline for the final approval.
The move comes at a time when Apple iPhone sales are slowing down which accounts for two-thirds of revenue for the company. However, the company will still face a challenge in the country as the market is dominated by budget smartphone players in comparison to Apple’s products which are expensive and are considered premium.
-More at HindustanTimes