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India to contribute 20% to Apple's user growth in next five years

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Apple has opened its first store in India, with CEO Tim Cook stating it would boost sales growth.

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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.

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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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