India February 4

AAPL: 96.60

0.25
Stock Chart

In the days following Apple’s record Q1 earnings announcements, Apple CEO Tim Cook and other top Apple executives held a Town Hall meeting at the Infinite Loop headquarters in Cupertino to reveal new announcements and take attendee questions.

Multiple sources in attendance at the event said that Cook as well as newly appointed Chief Operating Officer Jeff Williams each spoke and made announcements and teases related to new employee benefits, future iPad growth, Apple Watch sales, future retail stores in China, Apple Campus 2, and the future product pipeline.

Cook also fielded questions from the audience, attempting to reduce concerns related to the company’s iPhone dependence, discussing porting more Apple services to Android, growth in India, and releasing cheaper iPhones to appease growing markets.

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India January 21

AAPL: 96.30

-0.49
Stock Chart

According to data from Counterpoint Research, iPhone sales in India are booming. Apple reportedly shipped 800,000 units in the December quarter to the country, up from 500,000 a year ago. Apple has been aggressively promoting their phones with substantial discounts to sustain sales, given high prices for iPhone 6s in India (via Economic Times).

Even with price cuts, that 800,000 number is composed of older iPhone models too. The report indicates that iPhone 5s was responsible for 30% of the sales numbers. About half of the 800k number are made up of iPhone 6s and iPhone 6s Plus.

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India January 19

AAPL: 96.66

-0.47
Stock Chart

Apple wanting to expand its presence in India isn’t a new development, but according to a new report from the India Times, the company has recently taken a major step in accomplishing that goal. According to the report, Apple has just filed an application with the Indian government to open its own branded retail stores in the company.

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9to5toys 

India December 21, 2015

AAPL: 107.33

1.30
Stock Chart

Following Apple’s decision to almost halve the price of the iPhone 5s in India, the Times of India states that the company has followed this by a more modest price-cut for the iPhone 6s/Plus. The move was reportedly made in response to a sales slump.

Apple cut prices of its latest iPhone 6s and iPhone 6s Plus […] just two months after their launch in India to boost flagging sales in what is historically its most crucial quarter as demand for the flagship devices nosedived from a Diwali high […]

The average difference in prices of all iPhone 6s and 6s Plus devices between launch time and now is about 15 per cent …

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India December 14, 2015

AAPL: 112.48

-0.70
Stock Chart

With Apple’s ambitious expansion program in China well underway, the company now appears to be seeking to boost its market share in the next growth market, IndiaCNET reports that Apple has almost halved the price of the iPhone 5s from 44,500 Rupees ($665) to 25,000 Rupees ($370).

The price cut appears to be a move by the Californian company to increase its penetration in India, the world’s third largest smartphone market after China and the USA, where the bulk of phones sold are sub-$300. As of quarter 3 of 2015, Apple is not even among the top 5 smartphone vendors in India, a market that IDC Research predicts will overtake the US by 2017.

Although India is a huge market for smartphones, it is currently quite a different market to China, suggesting that Apple needs a significantly different approach …

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India November 5, 2015

AAPL: 120.92

-0.56
Stock Chart

As expected, Apple Watch is now available for purchase in India. The launch of the device comes a month after Apple made its iPhone 6s and iPhone 6s Plus available in the country. In India, Apple Watch is available from Apple’s official retail channels and starts at Rs 30,900.

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