G20 podium
NEW DELHI: Apple Inc. CEO Tim Cook singled out India as an incredibly exciting market for the company. Apple has recorded an all-time revenue record in India during the June-September quarter. Growing very strong double digits, India has emerged as a major focus for Apple.
“We had an all-time revenue record in India, we grew very strong double digits. It’s an incredibly exciting market for us and a major focus of ours. We have low share in a large market and so it would seem that there’s a lot of headroom there..
“We see an extraordinary market—a lot of people moving into the middle class,” said Apple CEO Tim Cook said during the earnings call this morning.
The year has been an exciting one for Apple in India. In April this year, Cupertino giant launched its first Apple Retail Store in the country – in Mumbai, followed by one in Delhi.
Tim Cook flew to India for the opening of both the stores, which witnessed many Apple fans lining up outside the stores hours before the opening.
Cook went on to say, “Lots of positives, we put two retail stores there and they are doing better than we anticipated—it’s still early going but they are off to a good start and I couldn’t be happier with how things are going at the moment.”
