Apple bets on Reliance Jio as iPhone sales in India increase 50%

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India is continuing to show growth in iPhone sales, as most other countries including China are slowing down. The sales of iPhone grew by more than 50 percent in the country during the most recent year. "We believe we're just beginning to scratch the surface of this large and growing market opportunity," Tim Cook said. Apple CEO now believes he has found a new way to further accelerate sales of iPhone in India.

At company's earnings call for the fiscal fourth quarter, Apple chief said the recent improvements in infrastructure and penetration of 4G LTE networks in India could further boost iPhone sales. The company has partnered with Reliance Jio, a new '4G only' telecom network by India’s largest industrial house. Owners of iPhone 7 and iPhone 7 Plus who opt for Reliance Jio network get a year of data services at no charge. Read more...

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