Apple CEO Tim Cook on Sunday highlighted the economic impact the company is having on India in a meeting with Prime Minister Narendra Modi as the iPhone maker seeks deeper access to the world’s third-largest smartphone market behind the United States and China. Mr Cook met with PM Modi at a business summit in Washington at a time when Apple Inc is targeting the nascent Indian market as a revenue source after its sales in China slipped.
Apple has asked Indian government officials for a range of tax and policy changes to help build out its iPhone assembly work in the country. It is seeking permission to open its own retail stores in India where it currently sells iPhones through resellers. Read More…
Credit By: NDTV
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