New Delhi: India today announced that it has achieved great success in the smartphone sector, which has allowed giants like Apple to increase their presence.
Rajeev Chandrasekhar, India's minister of state for electronics and Information Technology, said on Monday that India had had "great success" in the smartphone sector and was looking to extend the results to other categories, with "growing interest from Apple and Samsung in expanding and developing in India".
India also wants to attract chip manufacturing and packaging plants to the country, he said.
Indeed, in Apple's earnings report earlier this month, Cook and his lieutenants mentioned India about 20 times. The company reported record sales in India for the March quarter, reflecting its increasing reliance on emerging markets to spur overall growth.
There are a lot of people moving into the middle class and I really feel that India is at a tipping point, "Cook told analysts on a conference call. "The Indian market is incredibly dynamic." Cook now sees India as the next major, or most important, market for growth.
Apple had nearly $6 billion in sales in India in the year to March, and this year's Made-in-India iPhone 15 series will debut.
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