Apple CEO Tim Cook met Prime Minister Narendra Modi on Wednesday and stressed that the company remains committed to growth and investment across the country. Cook, who is in India to launch the company’s flagship retail stores in Mumbai and Delhi, thanked PM Modi for the warm welcome.
“Thank you PM @narendramodi for the warm welcome. “We share your vision of what can make a positive impact on India’s future, from education and developers to manufacturing and the environment,” Cook said in a tweet posting a picture with PM Modi. “We are committed to growth and investment across the country,” he added.
Right after the opening of Apple BKC in Mumbai, Apple’s first physical store in India, Cook will open the company’s second retail store, Apple Saket, located at Select Citywalk Mall in New Delhi. The surprising opening of two back-to-back physical stores in India comes soon after Apple expanded iPhone manufacturing to India. Apple now locally manufactures its latest iPhone models right after their launch in India. And now the iPhone maker is looking to double local production ahead of launch.
Apple is ramping up its manufacturing in India along with increasing its retail presence. Apple began manufacturing the iPhone in India in 2017, and since then, the company has worked with suppliers to assemble new iPhone models and produce an increasing number of components. Amid a local manufacturing push and an upcoming comprehensive retail store strategy, Apple shipped iPhones and iPads worth $7.5 billion (roughly Rs. 61.7 lakh crore) to India in FY 22-23, according to CMR data accessed by IANS. Let’s go
In FY23, Apple shipped over 7 million iPhones and half a million iPads in the country, registering a growth of 28 per cent for iPhone shipments, according to initial estimates provided by market intelligence firm CMR.
– Written with inputs from IANS
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