New Delhi: Apple Inc. is all set to introduce its globally famed retail stores in India, the Cupertino giant's CEO Tim Cook has said. The announcement of sorts came at a townhall with the company's executives.
According to a report in 9to5mac, Cook said that India will act as the best support to Apple`s growth for the next decade. As per the news report, Cook observed that “4G LTE networks are not in every emerging market, and this gives Apple the opportunity to push its latest devices to regions like India".
In the days following Apple's Q1 earnings announcements, CEO Cook and other top executives held a town hall meeting at the company's Infinite Loop headquarters to reveal new announcements.
Cook also took questions from the audience in an apparent attempt to address the concerns related to the company`s iPhone dependence, switching from apple to Android population in India as well as the launch of cheaper iPhones in emerging markets like India to expand the company's customer base.
Earlier this month, during its first-quarter earnings call, CEO Cook said that Apple will continue to invest in India despite global slowdown and currency fluctuations.
"During hard times like now, it provides an opportunity to invest in newer markets such as India where there are long-term prospects," he had said.