Apple Card May Soon Hit India As iPhone Maker Reportedly Talks With Local Banks, Regulator
Portfolio Pulse from Shomik Sen Bhattacharjee
Apple Inc is in talks with Indian financial institutions and regulators, including HDFC Bank and the Reserve Bank of India (RBI), to launch its Apple Card in India. The discussions are in preliminary stages, and no decision has been made yet. Apple's focus on India has increased due to surging iPhone sales and the country's potential to account for a significant portion of Apple's total phone production.
June 23, 2023 | 10:20 am
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Apple is in discussions to launch its Apple Card in India, which could boost the company's presence and sales in the country.
Apple's talks with Indian financial institutions and regulators indicate the company's growing focus on the Indian market. The launch of the Apple Card in India could strengthen Apple's presence in the country, potentially leading to increased sales of its products and services. This could have a positive short-term impact on Apple's stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100