Photo: BloombergBengaluru: In India, for the price of the latest iPhone, you could eat breakfast, lunch and dinner for an entire year, and still have a bit of cash to spare. It’s no secret that Apple is eager for a chunk of the world’s fastest-growing smartphone market. A stroll through the market might even convince you that the iPhone 5S, which was released in 2013, is Apple’s hottest product in India. This is why Apple is eager to push deeper into India and open stores so that it can sell both used and new iPhones, and get a generation of India consumers hooked on its products. On Tuesday’s earnings call, Cook said India is “a great place to be.” The only problem is, Apple isn’t really there yet.

Source: Mint February 02, 2017 08:51 UTC