Apple has been carefully looking into ways to significantly strengthen its retail presence in India, which just so happens to be the world’s second-most populous country and single fastest-growing smartphone market, for several years now.
But with iPhone profit margins kept high, failed local government negotiations regarding sales of refurbished models, and official Apple Stores contingent on fairly strict component-sourcing regulations, the Cupertino-based tech giant was practically coerced into employing a different expansion tactic.
