Indian telecom behind China by 10 years, says Tim Cook

May 4, 2016

India presents a ‚Äúreally great opportunity‚ÄĚ for Apple, but slow networks and the informal retail structure there is preventing the them from realising its full potential according to CEO Tim Cook.
As the company‚Äôs revenues plunged for the first time in 13 years, Cook said, India is the third-largest smartphone market in the world, it is dominated by ‚Äúlow-end‚ÄĚ smartphones primarily because of the network and the economics due to which ‚Äúthe market potential has not been as great there.‚ÄĚ

Cook, addressing analysts in a conference call after the company posted decline in revenues for the first time in 13 years, said while India presents a ‚Äúreally great opportunity‚ÄĚ for the company, slow networks and the informal retail structure across the country is holding the company back from realising its full potential. Sourcetim cook

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