Apple has an insignificant share of the India’s booming smartphone market, thanks to its high prices and hefty import tariffs — but thatnow. After India eased rules on Wednesday that forced companies to source 30% of their production locally, Apple is poised to start online sales of its devices within month’s in the world’s fastest-growing smartphone market, a person familiar with the matter said.
With escalatingdamaging ties between the U.S. and China, New Delhi’s latest investment rules could provide a boost to Apple, allowing it to grow sales in the country and possibly help it reduce its high dependency on China by building out an alternative supply chain in India.
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