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Apple's India head quits as revenue growth slows

Sanjay Kaul, head of Apple Inc.'s India operations, is exiting the company with immediate effect, The Economic Times of India reported, citing people aware of the development.

The news comes days after the iPhone maker reported its slowest growth in India in more than seven years for the fiscal year ended March 2017. Net sales of Apple India rose 17% year over year to US$1.8 billion through March 2017, according to the report. The iPhone revenue reportedly grew by at least 40% in the previous five years.

The news comes on the same day as the U.S. smartphone giant increased prices of all but one iPhone models by an average of 3.5% after India raised the basic customs duty on mobile phones imported into India to 15% from 10%. The tax hike is reportedly aimed to encourage more manufacturing in India. Currently, Apple only manufactures iPhone SE in the country.