11 May 2016 Current Affairs: Global tech giant Apple has named Sanjay Kaul as country manager for India in place of long-time executive Manish Dhir, who quit the company in January this year.
The elevation of Kaul, currently country sales director, to the position of country manager comes at a time when India has become a market of great importance to Apple. In the January-March 2016 period, the company reported a 56 per cent growth in iPhone sales, while global sales of the flagship device dropped 16 per cent.
Kaul's appointment also comes at a time when Apple is planning to open brand-owned stores in India. The company's plans to serve the low- to mid-range smartphone market in India with refurbished devices have, however, hit a roadblock after the government did not give its approval.
While India is the only bright spot in terms of growth for Apple, experts say the country doesn't push enough volumes to offset declining sales globally. In the long-term, India is the last large global market for Apple, as it is for other brands in the space.
FreshersLive - No.1 Job site in India. Fresherslive Current Affairs 2016 section offers informative quiz questions with answers regarding latest current affairs today for all sorts of competitive exams like UPSC, TNPSC , IFS, IAS, IPS, railway exams (RRB) and banking exams like IPBS PO, IPBS clerk, Federal Bank PO, ICICI, SBI, RBI legal officer & Grade officer posts and much more. Register with us to get latest Current Affairs Updates. Also get latest Current Affairs news and quiz Updates for free alerts daily through E-mail