As Apple looks to break into India's burgeoning smartphone market, a report on Tuesday claims the company is in talks with Foxconn to potentially manufacture iPhone in the region.
Despite Apple attempts to push deeper into the Indian smartphone market, the iPhone is still largely failing to gain traction, according to a recent research study.
India's finance minister has reportedly ratified a proposal that would allow single-brand retailers like Apple to be exempt for local sourcing rules for three years if they provide "cutting-edge" technology.
Apple may consider India one of its important markets for the future, but its sales performance in the country in 2016 has fallen 35 percent year over year, causing a significant loss in overall marketshare, new estimates show.
Apple's 40.4 million iPhones shipped during the June quarter — a 15 percent decline year-over-year — were still enough to keep it in second place in the worldwide smartphone market, which reversed recent trends and grew "modestly," according to research firm Canalys.
Apple has signed a lease for over 40,000 square feet of office space for its planned Design and Development Accelerator in Bengaluru, India, a report said on Monday.
Finally clearing out legal obstacles, the cabinet of Indian Prime Minister Narendra Modi is expected to approve an exemption enabling Apple's first retail stores in the country, a report said on Wednesday.
The Indian government on Monday announced loosened policies towards local sourcing by foreign retailers, likely setting the stage for Apple launching its first stores in the country.
The Indian government is aiming to get a firm commitment from Apple on local manufacturing before authorizing the launch of any Apple Stores in the country, a report said on Monday.
An idea allegedly being floated by the Indian government could make proposed Apple Stores exempt from local sourcing regulations, but only for two to three years, according to a new report
Apple will be making Bollywood film star Shah Rukh Khan a brand ambassador for India, intensifying the company's profile in the country, according to a Thursday report.
Despite rejection by the country's finance minister, Apple still has a chance at opening stores in India in the near future, another high-level government official indicated on Monday.
Despite a recent trip by Apple Chief Executive Tim Cook to meet with local officials, the Indian government on Monday announced that it will not allow the company to sell refurbished iPhones in its country.
Investment firm Piper Jaffray estimates India could contribute some 62 million iOS device users to Apple's user base if the company successfully ramps its presence up to China levels, but a comparatively low-income population and strict government policies presage a rough path ahead.
India's finance minister has reportedly ratified a ruling that Apple must follow local sourcing rules, potentially halting the company's near-term attemps to launch its first stores in the country.
Apple may not have secured permission to open its first stores in India after all, though the company has not been shut out of the process, a report said on Tuesday.
As anticipated, Apple CEO Tim Cook met with Indian Prime Minister Narendra Modi on Saturday, talking about issues such as retail stores, manufacturing, and app development, according to reports.
Apple CEO Tim Cook continued a tour of India on Friday, granting a one-on-one interview with a local television network that offered a bit more insight into the company's ambitions for the developing market.
The iPhone may have a small marketshare in India, but the company isn't worried about that and is instead holding out for the long-term, Apple CEO Tim Cook said in an interview published on Friday.
In the middle of his ongoing trip to India, Apple CEO Tim Cook attended a dinner party on Wednesday night hosted by actor/producer Shah Rukh Khan, where several other Bollywood celebrities were also present.
{{ summary }}
Mikey Campbell
Mike Wuerthele
Roger Fingas
Katie Marsal
Andrew Drea
AppleInsider Staff
