Apple Inc CEO Tim Cook holds a meeting with Indian Prime Minister Narendra Modi in New Delhi as his company looks for new growth markets. Rough Cut (no reporter narration).
NATURAL ROUGH CUT (NO REPORTER NARRATION) Apple Inc CEO Tim Cook met with Indian Prime Minister Narendra Modi on Saturday (May 21) in New Delhi as his company looked for new growth markets after posting its first ever decline in iPhone sales. Cook introduced Modi to an updated version of the Narendra Modi Mobile application. Modi tweeted about the meeting: "Thank you @tim_cook! Friends, welcome & happy volunteering. Your views & efforts are always enriching." Cook arrived in India late on Tuesday (May 17) and announced the opening of a new office in southern Hyderabad city that will focus on development of its Maps for its products including iPhone, iPad, Mac and Apple Watch. Apple is in separate talks to open its first official retail store. Cook's visit coincides with India's emergence as one of the last large growth markets for smartphones, with sales in the United States and China beginning to taper off. Over 100 million smartphones were sold in India last year, a number that is expected to grow by 25 percent this year. Although India is in the world's third-largest smartphone market, Apple's iPhone only has a two percent market share, but sales grew 56 percent in the first three months of 2016.