Apple's CEO Tim Cook, To Meet PM Modi This Week In India
Apple chief executive Officer Tim Cook is expected to visit India this week and meet Prime Minister Narendra Modi. Cook is expected to discuss matters related to manufacturing in India and the potential of the Indian technology market.
His visit comes at a crucial time as Apple seeks new growth markets such as India after posting its first-ever decline in iPhone sales.
Cook, who is visiting China after announcing a $1 billion investment in Chinese ride-hailing app Didi Chuxing, will fly to India on Tuesday in his first official visit to the country as the head of the U.S. technology company, one of the sources said.
Apple declined to provide details of Cook's schedule in India. Apple is looking to set up its first retail outlet in India, where it will only have about a 2% market share.
In an interview earlier this month, Cook had said "Apple sees a huge market potential for its products in India and that it is really putting energy in the country."
He continued further by saying "But I view India as where China was maybe seven to ten years ago. From that point of view, and I think there's a really great opportunity there."