News Snapshot:
By Sankalp Phartiyal Apple Inc’s sales in India hit a new high of almost Rs 49,100 crore ($6 billion) in the year through March, highlighting the market’s increasing importance for the iPhone maker as Chief Executive Officer Tim Cook arrives in the country to open its first local stores. Revenue in India grew by nearly 50 per cent, from Rs 33,500 crore ($4.1 billion) a year earlier, according to a person familiar with the matter, who asked not to be named as the information is not public. Apple is scheduled to post quarterly earnings on May 4 and has signaled...
