Apple CEO Tim Cook opened two new Apple stores in India this week, in Mumbai and Delhi. He also met Prime Minister Narendra Modi in New Delhi. The trip is the strongest sign yet that India has become a huge strategic focus for Apple as supply chains move away from China and its smartphone market is increasingly saturated with iPhone owners.
India could also prove to be a big winner as Apple looks for non-Chinese manufacturing options, a push of PM Modi’s vision: “Make in India, Make for the World”. Apple’s primary manufacturing partner, Foxconn, which oversees a large portion of the assembly of new iPhones in China, is expanding in India, too, and building a $700 million plant for iPhone parts in Bangalore.
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