Apple (AAPL) Attempts To Expand Into India's Middle Class

Apple (AAPL) says "Apple Card" saving account is now available with 4.15% APY. Alex Coffey and Jenny Horne discuss this new feature, as well as how CEO Tim Cook is visiting India this week. They talk about how India's expanding middle class is an attractive opportunity for Apple revenue which is up 50% YTD, near $6B. They note that the iPhone makes up 4% of India's smart phone users. They then go over how India's revenue accounts for less than 2% of Apple's global revenue in FY22. Alex then demonstrates an example trade using Apple. The trade type is sell put vertical and the direction is neutral to bullish. Tune in to find out more about the stock market today.