NEW YORK: Apple sees a “huge market potential” for its products in India and the technology giant is “really putting energy” in the country which will begin rolling out high-speed wireless networks this year, CEO Tim Cook said.
\n“This is another huge one. India will be the most populous country in the world in 2022. India today has about 50% of their population at 25 years of age or younger. It’s a very young country. People really want smartphones there,” Cook said in a CNBC interview.
\nHe said in emerging markets like India, LTE (wireless) penetration is currently “zero” but as LTE begins to roll out this year in the country, the dynamics will change.
\n“And so that’s changing. Huge market potential,” he said in response to a question about the Indian market for Apple.
\nCook said the company has got “great innovation” in the pipeline and new iPhones that will attract people in markets like India.<\/p>\n","protected":false},"excerpt":{"rendered":"
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