Apple CEO Tim Cook confirms that the company is in the initial stages of setting up its own stores in India, according to a report by 9to5Mac.
Apple seems to in worries of slower growth in its main market, the Cupertino-based smartphone maker is reportedly focusing on emerging markets such as India. The report also states that Tim Cook shared the importance of India with their employees.
Apple CEO confirmed that the company will be opening retail stores in India. Earlier this year, Apple had applied to set up its own stores in the country. As of now, Apple sells its iPhone, iPad, Mac and its other products through third-party re-sellers in India.
According to few reports, Apple representatives have talks with Indian governments officials about the relaxation of 30 percent local-sourcing rule. Well, it is also believed that, Prime Minister Narendra Modi's visit to Silicon Valley, may have played a significant role in Apple's growing focus in the country.