Apple has officially confirmed it is going to open its first development center in India at Hyderabad soon. The new site will focus on maps and employ over 150 people in addition to other contractors who will support its local efforts.
In a statement, Apple said it’s been investing to expand its operations in India. This is in line with earlier comments by the company’s CEO Tim Cook. He had reaffirmed the brand’s focus on India in spite of a global slowdown in sales as the country was a newer market with potential for long-term prospects.
Apple certainly seems to be on the up-and-up in the nation. It had crossed the 1 billion in sales landmark here last year and posted a growth rate of 90%. This is corroborated by a recent report which was issued by Counterpoint Research, stating the brand had sold 2 million handsets in the country for the first time ever.
While Apple can lay claim to only 2% of the volume share in India and doesn’t even rank among the top 5 vendors, it was still able to post the third highest revenue share in 2015. This can be attributed to the high cost of its devices in India. The new Hyderabad facility might even pave the way for the brand to start manufacturing its products in India as many foreign brands have started doing recently.
Apple will be joining the likes of Microsoft and Google in Hyderabad. Both firms had announced its own plans to set up centers in the city back in December. The latter’s CEO Sundar Pichai had said the site would be the search giant’s first overseas campus outside of the US.