Apple CEO Tim Cook is going to Turkey in February to negotiate $4 billion iPad deal

Tim Cook
Apple CEO Tim Cook is planning to travel to Turkey this February to view the opening of the first Apple retail store there. Cook also has some business to take care of in Turkey. He is planning to negotiate a $4 billion iPad deal with officials in the country, according to Emlakkulisi.

 

The iPad may be used as part of Turkey’s “FATIH Project,” an initiative to bring modern computing devices into classrooms. If Apple wins this deal, the Turkish government will buy 10.6 million iPads in the first phase followed by a second round of 2 million and a third round of 2.5 million.

This deal is worth between $3 billion and $4 billion over the next 4 years. Recep Tayyip Erdo?an, the prime minister of Turkey, visited Apple’s headquarters in California this past May. The first Apple retail store in Turkey will be opening at the Zorlu Center in Istanbul. The retail store will be 21,500 square feet and may have a glass structure that is similar to the Fifth Avenue retail store in New York.

[Source: AppleInsider]

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