iPhone sales in India were up 51 per cent year-on-year.
iPhone sales in India were up 51 per cent year-on-year.
New Delhi:
Apple CEO Tim Cook has said the tech giant is -"looking forward-" to setting up retail stores in India to tap into the booming smartphone market here.
-"India is now one of our fastest growing markets. In the first three quarters of this fiscal year, our iPhone sales in India were up 51 per cent year-on-year,-" Apple CEO Tim Cook said on an investor call.
He added the company has announced setting up of a design and development accelerator to support Indian developers creating innovative applications for iOS and opened a new office in Hyderabad to accelerate maps development.
-"We're looking forward to opening retail stores in India down the road, and we see huge potential for that vibrant country,-" he said without disclosing further details.
Cook, who visited India in May, had discussed issues including manufacturing and setting up retail stores in the country with Prime Minister Narendra Modi.
-"On a personal note, during the past quarter I visited China and India, and I am very encouraged about our growth prospects in those countries,-" he said.
Recently the government issued new norms allowing single-brand retail trading and exemption from local sourcing for 'state-of-the-art' and -"cutting edge-" technology with a waiver for three years, and the option to extend it for five years.
Sources had said Apple may have to submit a fresh application for the same. The Cupertino-based tech giant had yesterday reported its revenues rising to USD 42.4 billion in the third quarter, driven by markets including India, Russia, Brazil, Turkey and Canada.
