Our Bureau
Cupertino, CA
Apple CEO Tim Cook announced that the company grew strong double-digit in India, clinching a new March quarter revenue record amid an “incredibly exciting market”.
Describing India market as a “major focus”, Cook said Apple is working on the entire ecosystem from developer to the market to operations, and that he is “very pleased” with the growth numbers.
Cook further added, “In terms of the operational side or supply chain side, we are producing there; from a pragmatic point of view, you need to produce there to be competitive.”
The iPhone maker giant has set revenue records in more than a dozen countries and regions, including among others, March quarter records in India, Latin America and the Middle East, as well as Canada, Spain, and Turkey.
“We just opened a couple of stores as last year, and we see enormous opportunity there,” he said. Apple continues to expand its channels, and is also working on the developer ecosystem.
“And we’ve been very pleased that there is a rapidly-growing base of developers there. And so, we’re working all of the entire ecosystem from developer to the market to operations, the whole thing. And I just — I could not be more excited and enthusiastic about it,” he said.
Apple is also investing in new solar and wind power in the US and Europe, both to power its growing operations and users’ devices.
“And we’re working with partners in India and the US to replenish 100 per cent of the water we use in places that need it most, with the goal of delivering billions of gallons of water benefits over the next two decades,” Cook said.
Announcing its financial results for its fiscal 2024 second quarter ended March, Apple said it posted a quarterly revenue of USD 90.8 billion, down 4% y-o-y.
On Apple’s India report card, Cook said the company has both operational things going on and go-to-market, alongside various initiatives.
