India Stories September 23

AAPL: 112.71

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Apple still relies on third-party retailers to sell its products in India, and the company is adding a second online retail partner to help ahead of India’s iPhone 7 launch next month. While the iPhone 7 goes on sale in 30 additional countries around the world today, India is set to kick off iPhone 7 sales on October 7.

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India Stories September 6

AAPL: 107.70

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Apple has long been working to establish a presence in India, but the country’s strict requirements for retailers and companies have made it a very challenging task for Apple. Whether or not Apple will be legally allowed to open retail locations in contradicted by several reports, but the long-standing roadblock has been that Apple does not have a manufacturing presence in the country.

India has generally required that any company with retail locations manufacture a portion of the goods in the country, though it has been reported in the past that Apple could circumvent that requirement. A new report from The Economic Times, however, says that Apple has approached Foxconn about possibility of making the iPhone in India in the next two to three years.

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India Stories August 4

AAPL: 105.87

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The Apple CEO, Mr. Tim Cook calls on the Prime Minister, Shri Narendra Modi, in New Delhi on May 21, 2016.
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Strategy Analytics paints a grim picture for Apple on the Indian Subcontinent. The world’s third-largest smartphone market after China and the US is not taking to the iPhone in meaningful numbers. In fact, sales dropped significantly — 35 percent — in Q2 2016 to just 800,000 iPhones sold vs. 1.2 million in the same quarter a year ago.  Clearly, the launch of the cheapest iPhone ever, the iPhone SE, wasn’t a big winner in India.

Meanwhile, smartphone shipments grew 19 percent annually to reach 31 million units in India during the second quarter of 2016, with over 97 percent of those devices being Android.

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India Stories July 25

AAPL: 97.34

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Apple announced back in May that it would be opening an iOS App Design & Development Accelerator in Bengaluru, India – and the Economic Times reports that it has now agreed to lease more than 40,000 square feet of office space to house the facility.

Citing ‘three people familiar with the matter,’ the report says that the center will be spread over two floors at Galleria in North Bengaluru. Bengaluru – formerly called Bangalore – is known as ‘the IT capital of India,’ home to more technology startups than any other part of the country. Over a million people in the city work in the tech sector …

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India Stories July 20

AAPL: 99.96

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We’ve been hearing conflicting reports on whether or not Apple will be allowed to open retail stores in India ever since Tim Cook met with Prime Minister Narendra Modi last September. A new Bloomberg report suggests that Modi may be about to finally give the go-ahead.

While India is currently a very small market for Apple, Cook has repeatedly described the country as the next China. The huge population and growing middle-class means that India has enormous future potential for Apple, but a law has so far prevented the company from opening official Apple Stores there …

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India Stories June 20

AAPL: 95.10

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Opening Apple Stores in India has been something of a challenge for the company. The law normally requires companies to manufacture at least 30% of their products within India before they can open a single-brand store under a Foreign Direct Investment (FDI) rule, but TNW is reporting that a decision to liberalize the FDI deal will finally provide the go-ahead for Apple Stores.

Apple will likely be allowed to avoid sourcing products locally for eight years – three years as per the new norms and an additional five years if it can prove it deals in ‘state-of-the-art’ and ‘cutting-edge’ technology that’s unavailable in the country.

If confirmed, the ruling will be an important one for Apple, which Tim Cook has described as the next China. An eight-year deal does, however, seem unlikely …

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