WSJ: Apple close to inking deal to have its products made in India

With sales of the Apple iPhone declining in China, Apple has been lavishing attention on India which is now the second largest smartphone market in the world. Last year, then Piper Jaffray analyst Gene Munster said that Apple could add 62 million iOS users in India if it could increase its presence in the country to the level it has in China. One way to accomplish that would be to dot the Indian landscape with Apple Stores. But local regulations would require that 30% of the products sold in an Indian Apple Store be made in the country.

According to this morning's Wall Street Journal, which ...