• Thursday, March 28, 2024

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More challenges than cheer for Apple chief on Asia tour

Apple chief Tim Cook looking to tap into the Indian market

By: Eastern Eye Staff

With slowing iPhone sales in China, Apple Inc is having to take India more seriously, but investors hoping for a stock price fillip from CEO Tim Cook’s week-long Asia trip instead were given a taste of the daunting challenges that lie ahead. The second leg of Cook’s trip, to India, the world’s third-largest smartphone market, comes at a crucial time as Apple battles slowing growth in China, its second-biggest market. But the challenges suggest it will be years before India is anything close to a major earnings pillar for the U.S. tech giant. “With China saturating, everybody has no choice…

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