April 26, 2024 03:29 (IST)
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Apple Inc decides to explore Indian market to boost iPhone sale
Mumbai, Jan 27 (IBNS): The growing Indian market for iPhone is a major boost for Apple, which is seeing a cooling in demand in one of its key market, China.
Apple Inc, the maker of iPhone, is looking forward to explore the Indian market further as the local market has shown a better appetite for the company's flagship smartphone while sales are dipping in China, its second largest smartphone market, according to media reports.
During an earnings call, Apple's Chief Fianancial Officer, Luca Maestri, confirmed that the company's sale of iPhones in India went up by 76% for its December quarter compared to that sold in the December 2014 quarter.
CEO Tim Cook said that the company is expecting to see a spurt in the sale of Apple's flagship smartphone as the demographics (with the median age of buyers at 27 years) promise an increasing demand for better and latest gadgets.
As the 4G coverage increases, more people will be tempted to buy the high end smartphone believe experts.
Currently, Apple is catering to the Indian market through third-party resellers. But is likely to open its own stores soon, according to media reports.
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