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Apple CEO Tim Cook Says India Business Doubled Last Quarter

Apple CEO Tim Cook Says India Business Doubled Last Quarter

Apple doubled its enterprise in India within the quarter that ended December 26, CEO Tim Cook dinner revealed throughout an earnings name on Wednesday. The brand new achievement by the Cupertino firm comes alongside posting an all-time excessive income of $111.4 billion (roughly Rs. 8,14,270 crores) globally that elevated 21 p.c year-over-year. The launch of the iPhone 12 collection has considerably helped Apple generate the file income, with its energetic put in base of iPhone fashions crossing one billion milestone. In India, notably, the corporate ventured into retail with its on-line retailer and is transferring in the direction of establishing offline shops.

Whereas responding to analysts, Tim Cook mentioned that Apple doubled its India enterprise within the December quarter in comparison with the year-ago quarter. The 60-year-old government, nevertheless, highlighted the scope for additional progress within the nation.

“India is a type of the place our share is kind of low,” mentioned Cook dinner whereas answering a query from an analyst, with out offering any particular knowledge. “It did enhance from the year-ago quarter. Our enterprise roughly doubled over that time period. And so we really feel superb concerning the trajectory.”

Apple marked 93 percent year-over-year growth in India in 2020, in response to analyst agency Counterpoint. The corporate additionally doubled its smartphone market share within the nation to almost 4 p.c within the quarter that led to December, analysis agency CyberMedia Analysis reported lately.

In September, Apple launched its online store within the nation to begin promoting its merchandise natively. Cook dinner acknowledged that the final quarter was the complete first quarter of the web retailer and it obtained a “nice response” from Indian shoppers that helped obtain its quarterly progress.

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“We’re additionally stepping into there with retail shops sooner or later and so we glance to that to be one other nice initiative, and we proceed to develop the channel as properly,” mentioned Cook dinner — giving a transparent trace on the launch of offline Apple stores within the nation.

Apple reported that it now has an active installed base of 1.65 billion devices, up from 1.5 billion gadgets a yr in the past. Amongst different gadgets, the corporate has an put in base of over a billion iPhone gadgets. This exhibits an increment from the over 900 million put in base of iPhone gadgets it reported in 2019.

Along with the expansion of the iPhone, Apple has seen the iPad and Mac rising 41 p.c and 21 p.c year-over-year, respectively, within the December quarter. This was largely owing to the pandemic that pushed plenty to work and research from dwelling.

“We noticed robust double-digit progress throughout each product class, and we achieved all-time income information in every of our geographic segments,” Cook dinner mentioned.


What would be the most fun tech launch of 2021? We mentioned this on Orbital, our weekly know-how podcast, which you’ll subscribe to through Apple Podcasts, Google Podcasts, or RSS, download the episode, or simply hit the play button under.



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