India demands information about Apple’s investment plans

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The Indian government wants reassurances that Apple's serious about India.
Photo: Ste Smith/Cult of Mac

The Indian government has reportedly asked Apple for more in-depth details about what it offers in terms of job creation and investment, in exchange for the government offering it additional tax concessions within the country.

Apple’s been seeking tax concessions to set manufacturing facilities in India for some time, but has been rebuffed. Now that one of Apple’s suppliers, Wistron, is officially building iPhones in the country, it seems the Indian government is ready to reconsider. Maybe.

iPhone retailers in India can slash prices to boost sales

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Even older models are too expensive for most.
Even older models are too expensive for most.
Photo: CC: Aasif Iqbal J/Flickr

Apple is giving iPhone retailers in India permission to slash prices in a bid to boost sales.

Even the company’s older handsets are still too expensive for the vast majority of local consumers, and sales are suffering as a result. Apple has no choice but to cut prices if it wants to be successful in one of the world’s fastest-growing smartphone markets.

India offers Apple a compromise on iPhone manufacturing incentives

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Apple is already manufacturing iPhones in India.
Photo: Ste Smith/Cult of Mac

To encourage manufacturing in India, Indian authorities have offered to let Apple import smartphone components for use in local manufacturing, tax free.

Apple previously asked for a 15-year tax holiday from paying tax on importing components it needed for Indian manufacturing. The request was denied by authorities, but it seems that a compromise may be reached, whereby Apple will gradually increase the local production of components in India.

iPhone SE handsets made in India go on sale next week

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Customers love the iPhone SE.
Designed in California, made in India.
Photo: Sam Mills/Cult of Mac

Apple manufacturing partner Wistron has started work producing iPhone SE models in India at its factory in Bangalore. The handsets are set to ship to customers later this month, most likely as soon as next week.

While no pricing has yet been announced, Apple is reportedly likely to charge significantly less than the $399 and $499 it sells the 32GB and 128GB iPhone SE models for in the United States. In an effort to grow its brand in India, pricing could be as low as $220.

Here’s why Apple is so excited about iPhone opportunities in India

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Apple is currently a bit-player, but it's poised to strike it big.
Photo: Ste Smith/Cult of Mac

Apple is constantly talking up the importance of India as a growth market, and a new report from Kantar Wordpanel illustrates exactly why that is.

According to the report, smartphone penetration hit a 48 percent growth rate in the first quarter of 2017. That’s considerably up from the 16 percent growth rate seen one year earlier. In a country with a population of more than 1.3 billion, that’s a massive target market!

Trouble in China, iPhone slump and other Apple earnings surprises

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How will investors respond to Apple's relatively flat earnings?
How will investors respond to Apple's relatively flat earnings?
Photo: Ste Smith

Apple’s Q2 earnings report for 2017 just barely beat Wall Street’s expectations when the numbers were revealed this afternoon, but there are plenty of reasons to still be optimistic about AAPL.

During the company’s call with investors today, Apple CEO Tim Cook and CFO Luca Maestri discussed some of the struggles the company experienced last quarter, from slumping iPhone sales to economic headwinds in China.

Here are the biggest takeaways:

Apple to open online store in India to sell iPhones

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Apple is doing all it can to grown in India.
Illustration: Cult of Mac

Apple will open an online store in India to start selling iPhones, which it may begin making locally within the next couple of week.

Selling iPhones it makes in India is Apple’s first big step in competing for market share in a country with rapidly growing smartphone sales.

Apple’s Indian App Accelerator is open for business

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Apple is pushing into the Indian market.
Photo: Ste Smith/Cult of Mac

Apple’s brand new App Accelerator in Bengaluru, India, is officially open for business!

Plans for the 40,000-square-foot office space were first announced by Tim Cook during his visit to India last year. The App Accelerator’s purpose is to offer guidance, inspiration, tutorials, and feedback to local developers building iOS, tvOS, watchOS, and Mac OS apps.