Apple seeks nod to open India stores amid concerns of slowing sales growth

An Apple salesperson speaks to customers at an electronics store in Mumbai, India, July 23, 2015. REUTERS/Danish Siddiqui

MUMBAI: Apple Inc has applied to set up its own stores in India, one of the world's fastest growing smartphone markets, as the iPhone-maker looks to tap new opportunities amid worries of slowing growth in its main markets. 

Apple sells its iPhones, iPads and Macs in India through third party resellers, and industry analysts estimate that the Cupertino, California-based company has less than a 2% share in India's smartphone market, dominated by cheaper brands.