Apple Feels The Pain At Home, Plans India Expansion

MUMBAI (Reuters) - Apple Inc has applied to set up its own stores in India, one of the world's fastest growing smartphone markets, as the iPhone-maker looks to tap new opportunities amid worries of slowing growth in its main markets.

Apple sells its iPhones, iPads and Macs in India through third party resellers, and industry analysts estimate that the Cupertino, California-based company has less than a 2 percent share in India's smartphone market, dominated by cheaper brands.

The...

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