India to contribute 20% to Apple's user growth in next five years
Apple has opened its first store in India, with CEO Tim Cook stating it would boost sales growth.
Morgan Stanley analysts predict that India could contribute to 15% of Apple's revenue growth and 20% of installed base growth over the next five years.
Analysts suggest India will be as important to Apple’s growth as China was in the past five years, but warn of risks if India's economy doesn't meet certain growth marks.
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