With this investment Apple aims at expanding its presence in a "very important" market, said Tim Cook
Apple's $1 billion plucks a strange fruit in China
CEO Tim Cook says investment reflects Apple's excitement about Didi's fast-growing business
Kaul's appointment also comes at a time when Apple is planning to open brand-owned stores in India
Tim Cook has frequently travelled to China since taking the helm of Apple
Samsung, Moto, LG and Sony to benefit from govt decision
Cook said that the company has got great innovations in the pipeline and new iPhones that will attract Indian customers
The median of the analysts' price targets is $120, down from $130 at the end of March.
China and the iPhone slow, but India shines
While global iPhone sales fell by 16 per cent in the quarter, iPhone sales in India were up by 56 per cent during the period
A boom in demand for smartphones, music players and other electronic devices propelled Apple's annual revenue by $227 bin in the 13 years since the last quarterly drop
At present, 100 per cent FDI is permitted in single-brand retail sector but companies are required to take FIPB permission if the limit exceeds 49 per cent
Nasdaq Composite was down 28.24 points at 4,860.04
Cook said Apple is placing increasing emphasis in such emerging markets where it's clear there will be disproportionate growth as compared to the more developed areas
iPhone sales were down year-over-year for the first time since the product's launch in 2007
Sales slipped to 51.19 million in the recently ended quarter compared with 61.17 million in the same period a year ago
Sells 51.2 million iPhones in the second quarter, down from 61.2 million; sales drop more than a quarter in China
Last week, iBooks Store and iTunes Movies were shut down, just six months after they were started in China
Company's Beijing-based Apple spokesperson said the services will be available again but they cannot elaborate on the reasons of unavailability
The FBI chief underscored the need for a continued national conversation over the issues surrounding universal encryption