Tim Cook to visit India, meet PM Modi this week: Reuters

By Shrey Pacheco | Published on 16 May 2016
Tim Cook to visit India, meet PM Modi this week: Reuters
HIGHLIGHTS

Apple CEO, Tim Cook is currently in China and will reportedly visit India on Tuesday

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Apple CEO, Tim Cook may visit India and meet Prime Minister Narendra Modi this week, according to a report by Reuters. Cook is currently in China after announcing a $1 billion investment in Chinese ride-hailing app, Didi Chuxing, and sources told Reuters that he will fly down to India on Tuesday. His visit comes at a time when Apple posted its first ever quarterly decline in revenue in 13 years, in addition to the first ever decline in iPhone sales. Further, the company’s growth has slowed by 32% in Greater China and 11% in Mainland China in the first quarter of 2016. By comparison, iPhone sales in India grew by 56%. 

It was earlier reported that the Indian government has rejected Apple’s request to import and sell refurbished iPhones in the country. It was said that Apple had filed the application earlier this year, and would have included the setting up of a facility that would renovate used iPhones shipped from China. In addition, reports suggest that Foxconn may be in talks with the Indian Government to manufacture iPhones in India. Foxconn has reportedly proposed a $10 billion facility in Maharashtra and the company is seemingly scouting for about 1,200 acres of land to set it up. Foxconn currently assembles Xiaomi, OnePlus, and Gionee devices at its Sri City facility in Andhra Pradesh.

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Shrey Pacheco

Writer, gamer, and hater of public transport.

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