Apple CEO Tim Cook has stated that the Cupertino-based multinational technology company sees a "huge market potential" for its products in India and is "really putting energy" here. He also added that they will begin rolling out high-speed wireless networks this year.
"This is another huge one. India will be the most populous country in the world in 2022. India today has about 50 per cent of their population at 25 years of age or younger. It's a very young country. People really want smartphones there," Cook said in a CNBC interview.
He added that in emerging markets like India, LTE (wireless) penetration is currently "zero" but these dynamics will change after LTE begins to roll out this year in the country.
"And so that's changing. Huge market potential," he said when asked about Apple’s Indian market.
Also read: Samsung, not Apple, leads India's premium smartphone segment
He added that the company is working on "great innovation" and the new iPhones that will be launched will attract people in markets like India.
A few days back, Tim had said that India is almost a decade behind China, which is its second-largest market in the world after the county of origin, the United States.
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