Apple Inc’s recent success in sales despite a decline in the global smartphone market is largely attributed to its focus on emerging markets, particularly India. Chief Executive Tim Cook has identified India as a key source of growth for Apple and the company is investing heavily into this region.
The strategy appears to be paying off with an increase in iPhone sales as more Android users switch over to iPhones due to Apple’s competitive pricing strategies and innovative products. The Indian market has also been receptive to Apple’s services, such as iCloud storage, iTunes music streaming, and its App Store, which have all become popular among consumers there.
Apple plans on further expanding its presence by opening retail stores across major cities, launching new products tailored specifically for Indian customers, such as localized language support, and partnering with telecom companies like Airtel so that customers can access discounted data packages when using certain apps or services from Apple’s ecosystem.
This aggressive approach towards capturing the lucrative Indian market could potentially open up new avenues of growth for the tech giant while providing local consumers with greater access to cutting-edge technology at affordable prices compared to other markets around the world.
Read more at Reuters