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Apple Stock: Apple Opens First Stores In India

News Snapshot:

Consumer electronics giant Apple (AAPL) is betting that India will become its next big growth market, as the iPhone maker plans to open its first two retail stores in the country this week. Meanwhile, sales growth in India could provide a catalyst for Apple stock, a Wall Street analyst says. X The opening of Apple stores in Mumbai and Delhi "marks a significant strategic move" for the company, Wedbush Securities analyst Daniel Ives said in a note to clients Monday. India currently accounts for less than 2% of Apple's total revenue, Ives said. Apple has had only a "minimal presence"…

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