Apple seeks to open their first retail stores in India

“Apple Inc. applied to open its own stores in India for the first time, a strategy that may help it better target a fast-growing market just as iPhone sales may be peaking,” Tim Culpan reports for Bloomberg.

MacDailyNews Take: “May be.”

"Apple said Wednesday it’s filed a request with the Indian government to bring its retail outlets to the world’s second-largest country," Culpan reports. "Emerging markets will prove crucial to Apple as some analysts predict a decline this year in sales of the iPhone, which accounts for about two-thirds of the company’s revenue."

MacDailyNews Take: “Some analysts.”

"Chief Executive Officer Tim Cook is searching for growth opportunities as smartphone sales flatten and China’s economy slows. Apple has 2 percent of the Indian market, according to International Data Corp.," Culpan reports. "The Cupertino, California-based company currently has at least 24 stores in China as part of a global network of more than 460. It expects to open or replace as many as 50 stores globally this year, Chief Financial Officer Luca Maestri told investors in October."

Read more in the full article here.

MacDailyNews Take: Yet another article (full headline at Bloomberg: “Apple Seeks to Open First Stores in India as Growth Slows” – emphasis added) with the underlying theme seeking to extend the “peak iPhone” narrative that’s currently being heavily promoted by AAPL bears.

Here’s the replay of events from two years ago (recycled fomenting with a few voices of sanity peppered in here and there):

• Apple manipulated by Wall Street Journal before earnings? – January 22, 2013
• Japan’s Nikkei, The Wall Street Journal blow it, get iPhone demand story all wrong – January 16, 2013
• Did Apple reduce 4-inch Retina display orders due to improving yields? – January 15, 2013
• Analysts: iPhone 5 demand ‘robust;’ ignore the non-news noise – January 15, 2013
• Apple iPhone suppliers decline on report orders cut by 50% – January 15, 2013
• Apple swoon erases $17 billion from stock market – January 14, 2013
• Apple iPhone 5 production cut signaling a new product release? – January 14, 2013
• Apple drops to 11-month low on old reports of component cuts – January 14, 2013
• The strange math of Apple’s alleged massive iPhone 5 component cuts – January 14, 2013
• UBS analysts: Apple iPhone component order reduction ‘old news’ – January 14, 2013
• Apple pulls down U.S. futures – January 14, 2013
• Apple shares drop below $500 after reported cuts in iPhone 5 parts orders – January 14, 2013

SEE ALSO:
Apple supplier TSMC reports record earnings, casting further doubt on ‘Peak iPhone’ concern – January 14, 2016
Top-rated analyst: Apple’s iPhone business is healthy – January 7, 2016
Analysts baselessly warning of ‘Peak iPhone’ allow Apple to buy back even more outstanding shares – December 15, 2015
Analyst wonders whether iPhone sales growth has peaked – April 28, 2015