Apple India Update: Record profit changed outlook, Apple preparing to play China bet in India
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Hugues Asseman, the company’s Vice President for India, Middle East, Mediterranean, East Europe and Africa, recently retired. Only after this the company is going to make this change. The company is promoting its head Ashish Chowdhary in India. Till now he used to report to Asseman but will now report directly to Apple’s product sales head Michael Fenger. The company spokesperson declined to comment. In the last quarter, the company’s total sales in India declined by five per cent but its revenue reached a record level.
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In the last earnings call, the company’s CEO Tim Cook had said that Apple is putting a lot of emphasis on the Indian market. He had said that work is being done in India in the same way as it had done earlier in China. Apple’s annual revenue in China is around $75 billion. It is its largest sales region after America and Europe. Apple is also pushing to make iPhone in India as well. Many of its suppliers have set up units in India. Now Foxconn is also preparing for big investment in India.
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