India to Push Through Approval of Apple Retail Stores

India to Push Through Approval of Apple Retail Stores

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India is planning to push through Apple's application to set up retail stores in the country, reports Bloomberg. The company is currently resubmitting its application as it wasn't in the right format, said a source.

Apple should qualify as a provider of cutting-edge technology, the person said. That would exempt the maker of iPhones and iPads from a rule forcing foreign businesses that retail a single brand in India to procure 30 percent of a product’s inputs locally. The company makes most of its devices in China.

While the country of 1.3 billion people represents a big opportunity for Apple, it's also challenging as many can't afford Apple's high-end products. Currently Apple has just 2% of India's smartphone market. Back in December, it dropped the price of the iPhone 6s and iPhone 6s Plus in India by up to 16%. Additionally, Apple slashed the price of the iPhone 5s bringing it down to almost half of its original price.

Currently, Apple uses resellers in India for its products. Opening its own stores would not only help Apple increase sales but also promote the brand.

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India to Push Through Approval of Apple Retail Stores

Repairhaus - February 9, 2016 at 5:10am
Whats up with the racist comments? There are poor people in every country as well as rich people. India has like 1.5 billion people so of course there are beggars just like in America
1
Beejah57 - February 8, 2016 at 7:52pm
Thanks for your concern Bahais77 and Beejee67. Yes there are a lot of beggars who obviously cannot afford the iPhones. Unlike people in other countries who can only pay $200 for a subsidized phone, Indians can pay the full price (Around US$800-$1400).
Bahais77 - February 8, 2016 at 3:58pm
Can they even afford Apple products??
1
morecrap - February 8, 2016 at 4:29pm
Yes we can afford Apple products. Thanks for asking.
Beejee67 - February 8, 2016 at 6:43pm
Are you sure about that? I was in India not too long ago and was pretty ghetto. A lot of beggars.
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