BANGALORE: Apple CEO Tim Cook arrived in India late on Tuesday night. The high-profile visit to the country, which is the fastest growing smartphone market in the world, has come at a time when the Cupertino-based company is looking to maximize the immense possibility the country presents.
As expected, there are major announcements on the cards. Let’s have a glance at the significant developments!
Tim Cook’s India Visit: Major Developments at a Glance
#1. Apple has announced plans to set up “design and development” startup accelerator in Bengaluru with a view to attracting India’s startup ecosystem.
#2. “The new accelerator facility will play a vital role in helping iOS developers create innovative apps for customers. It will also provide resources to support entrepreneurs.” Tim Cook said.
#3. This is the first time that Apple CEO has visited India. Late Steve Jobs, the former CEO, had also visited India but before he founded the company.
#4. As per reports, Cook’s India visit is scheduled for a week. He will also visit Hyderabad, Mumbai and New Delhi. On May 20-21, he is to meet Prime Minister Narendra in the national capital.
#5. According to sources, Cook is to discuss company’s investment plans with PM Narendra Modi.
#6. He will meet the top distribution partners involved in the company’s operations in the Indian market.
#7. Modi government is likely to persuade Apple to invest in smartphone and computer manufacturing facilities in the country as part of the BJP government’s Make in India campaign.
#8. Apple is in talks to open the first official retail store in the country, which is the third largest smartphone market in the world.
#9. While the sales of iPhone have declined across the globe, the flagship device saw a remarkable 56% growth in sales in the first three months of 2016 in India.
#10. Earlier this year, the tech giant opened a development centre in Hyderabad.
How do you look at Cook’s India’s visit? Will these efforts to cash in on the fastest smartphone market yield better results in near future?