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The Lifting of Western Sanctions against Iran Opens the Door Wide Open for Apple

10. 0 PA NEWS -

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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. And despite decades of animosity between Tehran and the West, many well-off Iranians still embrace Western brands and trends. Currently Samsung is successfully selling their mobile devices in Iran and Apple wants in on the action. Back in 2014 we reported that Apple was making every effort to work with new Iranian distributors but no formal announcement was ever made. Now with the new U.S-Iranian nuclear deal, Western sanctions are set to be lifted and the door is to swing wide open for U.S. tech companies like Apple.

 

"The Treasury Department has said that once the nuclear deal is implemented, it would let international subsidiaries of U.S. companies explore opportunities in Iran," reports Investors.com.

 

The report further noted that "Iran's relatively young, well-educated and tech-savvy consumers are considered appealing to Western brands like Apple, which already has a following in Iran.

 

Hewlett-Packard's Swiss subsidiary, was attempting to work out a deal to sell its products in Iran, the Wall Street Journal reported last month. Apple has also mulled opening stores there for some time."

 

This could be a great market for Apple over the next several years should they be able to bring several flagship Apple Stores to Iran. Tehran has a population of over 7 million, with Mashhad with over 2 million and Isfahan and Karaj with 1.5 million each. Whether Apple will be able to open stores in Iran remains an open question. Apple's first Middle Eastern store opened on October 29, 2015 in Dubai.

 

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