Zee Media Bureau
New Delhi: Apple Inc has elevated company executive Sanjay Kaul as its new country manager, a financial daily reported on Friday.
As per a report in the Economic Times, Kaul will replace Apple's long-time India head Maneesh Dhir who has recently quit the job for “to pursue other opportunities.”
Apple had last week announced financial results for its fiscal 2016 second quarter ended March 26, 2016.
The company posted quarterly revenue of USD 50.6 billion, down?from USD 58 billion in the year-ago quarter. Its quarterly net income stood at USD 10.5 billion, a decline from USD 13.6 billion in the same period last year.
In a conference call following the results, Apple CEO Tim Cook had said network infrastructure and retail remain among Apple's main challenges in India, with the market there today being where China was seven to ten years ago.
Cook had said while India is the third-largest smartphone market in the world, it is dominated by "low-end" smartphones primarily because of the network and the economics due to which "the market potential has not been as great there".