It's no secret that Apple is eager for a chunk of the world’s fastest-growing smartphone market. Last year, the Cupertino, California-based company shipped a total of 2.5 million iPhones in India, a small fraction of the 29 million smartphones that Samsung sold. 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. While India is insisting that Apple procure 30% of its components locally (like any single-brand retailer in the country), Apple is pushing for a 15-year tax holiday on imports of components and equipment. On the Jan 31 earnings call, Cook said India is “a great place to be.” The only problem is, Apple isn't really there yet.

Source: The Star February 02, 2017 11:37 UTC