Apple Inc. Along with increasing its manufacturing in India, it is also planning to make major changes in its international business management. Not only this, the company now wants to focus more on India. Bloomberg told in one of its reports that a person associated with the company has informed about this.
According to sources, due to major changes in Apple's international business management, this will be the first time that India will become a separate sales region of the company. If this happens, India will become very important for Apple. People giving information about this have given this information to Bloomberg on the condition of anonymity.
This step of Apple shows how strong India's credibility is getting in the world. Smallest to biggest companies of the world are also seeing their growth in India. This is the reason why many foreign companies are investing in India.
Apple's Vice President Hughes Aseman recently retired, who used to handle India, Middle East, Mediterranean, East Europe and Africa. The company is promoting its head Ashish Chowdhary in India. Till now he used to report to Aseman, but will now report directly to Michael Fenger, Apple's head of product sales.
The company's total sales in India declined by 5% in the previous quarter, but its revenue reached a record level. Apple is also planning to open its first retail outlet in India later this year. Apple CEO Tim Cook had said that the company is focusing a lot on the Indian market.
Tim Cook had said that work is being done in India in the same way as he had done earlier in China. Apple's annual revenue in China is about $ 75 billion, or Rs 6.15 lakh crore, which is Apple's largest sales region after America and Europe.
For Apple, India is becoming very important for product development. Many big suppliers of Apple are turning to India. Not only this, Apple is also planning to set up an iPhone manufacturing plant in India with its manufacturing partner Foxconn.
The new changes will affect Apple's management structure, but not the way it reports regional sales in its results. In those statements, the company includes India as part of the Europe category, along with the Middle East and Africa. Apart from this, it also tells four more regions, which include America, Greater China, Japan and Rest of Asia Pacific.