Apple Reorganizes its Overseas Companies' Administration to Focus on India
As a result of India's rising prominence, Apple Inc. is reorganizing the administration of its overseas companies to concentrate more on the country.
Due to an increase in demand, Apple will now be able to sell its products independently in India for the first time. The Asian country will become more prominent within the tech behemoth.
Since Hughes Asseman, Apple's vice president for India, the Middle East, the Mediterranean, Eastern Europe, and Africa, recently announced his retirement, the company is making adjustments. According to Assmann, the iPhone manufacturer is elevating its India chief as a result of his departure. Ashish Chowdhary, the executive in question, will now answer directly to Michael Fenger, Apple's vice president of product sales.
The most recent adjustments will have an impact on Apple's management structure, but not on how the company discloses regional sales in its financial statements. India, the Middle East, and Africa are all listed by the corporation in those disclosures under the category of Europe. The Americas, Greater China, Japan, and the rest of Asia Pacific are the other four regions that are divided up.
India is becoming more crucial to Apple's product development in addition to being a major source of sales for the firm.
Asseman, a corporate veteran of over two decades, divided his time between Apple's headquarters in Cupertino, California, and its office in London. He began his career as a marketing manager for the Mac and iPod product lines. Before taking over as Apple's iPhone sales manager for Europe and other overseas markets in 2011, he later led retail teams.
Fenger and another vice president, Doug Beck, are responsible for managing Apple's sales and worldwide teams. Beck is in charge of the health, education, and government sectors, while Fenger is in charge of hardware, services, and enterprise sales globally. Both executives work directly for Cook, yet neither is listed on Apple's website with the CEO's other direct reports.
India is becoming more crucial to Apple's product development in addition to being a major source of sales for the firm. According to reports, Apple is working with its manufacturing partner Hon Hai Precision Industries Co., popularly known as Foxconn, to establish new iPhone production facilities in the nation as well as key suppliers are relocating to the area.