Publishe Date: 4:38 PM - 11/1/2014 | Print

Apple Planning to Sell more Products in Iran

Economy - Apple Inc. is in contact with Iranian distributors about possibly entering the country and hitting its lucrative market with modern iPhone mobiles after western sanctions ease sufficiently, informed sources said.

Senior Apple executives have met potential Iranian distributors at Apple’s regional headquarters on London’s Hanover Street, people familiar with the matter said, the Iranian students' news agency reported.

The US in May of 2013 lifted rules that had barred the sale of consumer communications technologies in Iran.

For Apple, Iran’s 77 million people offer a particularly attractive new market. Iran’s population is relatively young, with—42% of its people under age 25. Iran also boasts a relative large middle class.
 

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