Apple CEO Tim Cook touts india impact in push for deeper access in world’s market

Tim Cook, CEO, speaks during Apple's annual world wide developer conference (WWDC) in San Jose, California, U.S. June 5, 2017. REUTERS/Stephen Lam

Vastavam web: Apple CEO Tim Cook on Sunday highlighted the economic impact the company is having on India in a meeting with its prime minister as the iPhone maker seeks deeper access to the world’s third-largest smartphone market behind the United States and China.Cook met with Indian Prime Minister Narendra Modi at a business summit in Washington at a time when Apple Inc is targeting the nascent Indian market as a revenue source after its sales in China slipped.In his meeting with Modi, Cook disclosed that Apple expected its Indian operations to be run completely from renewable energy within the next six months, according to a person familiar with the discussion.

Cook reiterated that Apple had generated 740,000 jobs in India through its so-called “app economy” and Indian developers had created nearly 100,000 apps for the App Store, the person said.The company is looking to India after sales in the greater China region, once a major factor in Apple’s rise, fell 14 percent year over year to $10.7 billion in the most recent quarter.”We have a ton of energy going into the country on a number of fronts,” Cook told analysts about Apple’s efforts in India during the company’s most recent earnings call. “We believe, particularly now that the 4G infrastructure is going in the country and it’s continuing to be expanded, there is a huge opportunity for Apple there.”