Apple will be able to open retail stores in India on one condition


Photo: Apple
Apple wants to open a flagship Apple Store in India, similar to its Fifth Avenue outlet.
Photo: Apple

Apple’s plans for a string of retail stores in India hit a hurdle last month when the country’s finance minister ruled that Apple must conform to local sourcing laws in order to be granted a permit for the country. Requiring that Apple procure 30 percent of its goods locally, this seemed like it put a decisive halt to plans for Apple Stores in India.

Fortunately, it seems that cooler heads have prevailed — as part of a much larger rethink that goes way beyond Apple.

Why India may not be the China substitute Apple’s hoping for

India is a project for the long haul it seems!
Photo: Ste Smith/Cult of Mac

With Apple running into problems in China, it’s been upping its focus on India as another relatively untapped market where Cupertino hopes to expand its market share. But can India, which has a population of 1.25 billion people, really serve as a substitute for China, with its comparative 1.36 billion people?

Not according to a group of Mizuho Securities analysts, who argue that regulatory politics, competition, low wages and lack of carrier support are all obstacles in India which means it will struggle to offset a slowdown in Apple’s China business.

Apple may be able to open Indian retail stores after all

Indian Apple Stores may finally be on the way.
Photo: Ste Smith/Cult of Mac

Apple’s plans to open own-brand Apple Stores in India may finally be gaining momentum, with a new report claiming that the Indian government is likely to give the company a two or three year exemption to local sourcing laws in order to establish its retail outlets in the country.

Apple’s plans for Indian retail stores suffers massive blow

India may not be quite the dream market Apple had thought.
Photo: Apple

Apple may be running into problems in China, but it doesn’t seem like its campaign to expand into India — another vast country with plenty of potential for smartphone growth — is going any better.

According to a new report, India’s finance minister has ruled that Apple must conform to local sourcing laws to open official Apple Stores within India, despite previous rumors stating that Apple would be exempted from such rules.

Tim Cook admits iPhone is too damn expensive


Tim Cook
Tim Cook has no desire to make great devices for poor people.
Photo: Jim Merithew/Cult of Mac

Buying an iPhone is a major financial decision for most people that pine for Apple’s pricey products, but according to CEO Tim Cook, the iPhone could soon see a price cuts in certain markets.

During his heavily publicized tour of India, Tim Cook sat down for an interview with Vikram Chandra on NDTV to talk about Apple’s interest in the country. When asked about whether the iPhone is too expensive, especially considering some features don’t work in countries outside the U.S., Cook actually acknowledged the price is a bit steep.