Apple looks to open its first store in one of the world's biggest smartphone markets

India is a great place for certain phone manufacturers to sell their products, and for others, it is a contradiction that is hard to figure out. With approximately 1.4 billion people in the country, it is the second largest smartphone market in the world after China. But with a per capita income in the country of $1,670 as of 2016 (latest data available), the consumers in the country usually favor lower priced handsets. That explains the success that Xiaomi, with its value for money policy, has had in the country.

Apple's business in India has been driven by demand ...

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