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Tuesday, 17 May 2016

As Apple Plans ‘Make In Maharashtra’, Company CEO Tim Cook Plans To Visit Modi This Week

As Apple Plans ‘Make In Maharashtra’, Company CEO Tim Cook Plans To Visit Modi This Week

Apple chief executive Tim Cook will visit India this week and meet Prime Minister Narendra Modi, two sources have told the media.

 His visit comes at a crucial time as Apple seeks new growth markets such as India after posting its first-ever decline in iPhone sales. The Cook, who is visiting China after announcing a $1 billion investment in Chinese ride-hailing app Didi Chuxing, will fly to India on Tuesday in his first official visit to the country as the head of the U.S. technology company, one of the sources said.
 The sources declined to be named as the plan is not public yet. Apple declined to provide details of Cook’s schedule in India.
Apple is looking to set up its first retail outlet in India, where it only has about a 2% market share. But its sales there surged 56% in the first three months of this year, driven mainly by cheaper, older-generation devices such as the iPhone 5S.
Source:  indiatimes | 1

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