Summary
It took seven years for Tim Cook to visit India again after traveling to the fast-growing country in 2016. Last April, the Apple CEO visited New Delhi and Mumbai to open two flagship stores, one in each city.
"Apple CEO Tim Cook actually traveled to India earlier this year to be in attendance for the opening of those two stores out in India, largely because of the massive opportunity that he sees out in India," said Angelo Zino, a senior analyst at CFRA Research. "In many respects, we are believers that India is going to represent a similar opportunity to China, and they also kind of represent very similar markets in nature."
Apple has been manufacturing older models of iPhones in India since 2017. In 2022, Apple began making the iPhone 14 in India, which was seen as a big shift in its manufacturing strategy. That...