Overview

• Apple opened its first retail stores in India this week, deepening its presence in the fast-growing market.
• The Mumbai and New Delhi stores reflect Apple's increasing focus on India, where iPhone sales have jumped 16% year over year.
• Apple aims to eventually manufacture 25% of iPhones in India and views the country as crucial to future growth.
• CEO Tim Cook traveled to India to open the first stores, underscoring the country's importance in Apple's global expansion plans.
• With new stores and more manufacturing, Apple is poised to significantly boost sales in India, the world's second largest smartphone market.