Apple chief Tim Cook to visit India

May 16, 2016 08:59 pm | Updated September 12, 2016 02:23 pm IST - New Delhi

A file photo of  Apple CEO Tim Cook.

A file photo of Apple CEO Tim Cook.

Apple CEO Tim Cook will visit India later this week and is likely to meet Prime Minister Narendra Modi, as the iPhone maker seeks to cash in on the “huge potential” in the world’s second largest smartphone market.

Mr. Cook is expected to discuss matters pertaining to manufacturing in India and the potential of the Indian technology market, according to sources.

However, Apple declined to comment on his schedule when contacted.

The Apple CEO’s visit comes at a crucial time when the U.S.-based firm is focusing on new growth markets like India after posting its first-ever decline in iPhone sales.

In an interview earlier this month, Mr. Cook had said Apple sees a “huge market potential” for its products in India and that it is “really putting energy” in the country.

Apple has also sent in a proposal to the Indian government for selling refurbished phones in India. However, no official call has been made on the matter.

Addressing analysts in a conference call, Mr. Cook had said that India presents a “really great opportunity” but slow networks and the informal retail structure across the country is holding the company back from realising its full potential.

While its sales in China, its second-largest market after the U.S., fell 11 per cent, in India iPhone sales were up 56 per cent from a year ago.

“But 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,” he had said.

According to research firm Counterpoint, Indian smartphone market grew 23 per cent in the first quarter of 2016, surpassing the U.S. to become the second largest country in terms of users.

This is despite the global sales remaining flat globally in the same time period.

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).

According to the report, 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.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.