Times of India is reporting that a compromise is likely to be reached that will allow Apple to proceed with plans to open retail stores in the country despite rules that currently prevent this. If confirmed, it will be an important step for Apple in what Tim Cook expects to become a huge growth market over time.
I sort of view India as where China was seven to ten years ago from that point of view. I think there’s a really great opportunity there.
There are currently no official Apple Stores in India because of a rule that requires companies to manufacture at least 30% of their products within the country before they can open a single-brand store. Products are currently sold via a network of authorised retailers …
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