Apple optimistic of capturing the growing share of India's market
The Dollar Business Bureau Apple CEO Tim Cook has expressed resounding optimism for growth prospects of the underpenetrated brand in India – the world's third-largest smartphone market. "We’re very optimistic about our future in this remarkable country with its very large, young, and tech-savvy population, fast-growing economy, and improving 4G network infrastructure,” Cook said in the second quarter results earnings call yesterday. Talking about India's investment in 4G infrastructure, Tim also said that growing 4G network in the country was a positive indication for Apple to concentrate more of its efforts in establishing a local presence. “But they are moving fast. They’re moving at a speed that I have not seen in any other country in the world once they were started, and it is ...
Deal between 54 WTO members to remove trade tariff on IT, electronic products
The Dollar Business Bureau In a major breakthrough, 54 countries have agreed to ensure duty-free trade in more than 200 electronic and IT products, including medical equipment, which will ultimately reduce prices of such items across the world. In a meeting in Geneva, 54 member countries of the World Trade Organisation (WTO) have signed a deal to remove import tariff on 201 products that account for around 7% of the total global trade. The annual trade in these products is valued at more than $1.3 trillion per year. Terming the agreement “a landmark”, WTO Director-General Roberto Azevêdo, said, “Eliminating tariffs on trade of this magnitude will have a huge impact. It will support lower prices — including in many other sectors ...
