Apple's iPhone Shipments in India Soar Nearly 80% in First Quarter
India has long been one of the most difficult markets for Apple (NASDAQ: AAPL) to crack. After years of revamping its efforts, Apple is finally starting to make some progress on numerous fronts. The company scored political points by shifting production of certain iPhone models to India, which helped meet local sourcing regulations, avoid import tariffs, and paved the way for it to open its first retail store in the world's second-most-populous nation. The company's retail debut is expected next year, CEO Tim Cook told investors at Apple's annual meeting in February.
Recent data suggests that iPhone shipments in India soared in the first quarter.
The new iPhone SE is still fairly expensive in India. Image source: Apple.
Source Fool.com
