News Snapshot:
Apple's first physical retail store is located in the populous city of Mumbai. For years, Tim Cook has been bullish on India. Now, he's betting big on the South Asian giant as Apple shifts its focus away from China and expands its footprint in India. Still, analysts told CNBC the iPhone-maker's dependency on China will remain for years to come. There's potential for India to "become the next China" for Apple production, but it could take as long as a decade before it happens, said Martin Yang, senior analyst of emerging technologies at Oppenheimer & Co. Apple is set to...
