Tim Cook has said in a statement that Apple saw record growth for its March quarter. He praised India for being a major reason for the said growth. Apple opened its first two retail stores in India last month, which saw a huge welcome from the Indian crowd.
After opening the first Apple stores in India in Mumbai and Delhi last month, Apple announced a huge revenue for its quarterly earnings. Apple Chief Executive Officer (CEO) Tim Cook said that the Indian market is at a “tipping point” for a major growth trajectory.
Apple is looking forward to even further expanding its hold in India with the goal of making it an even bigger market than China. Tim Cook was quoted as saying that the company is excited to develop in India and that the March quarter saw a tremendous hike in the company’s popularity and earnings with more and more people adapting to the Apple ecosystem.
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Apple saw a major growth in emerging markets around the world
Apple CEO Tim Cook announced that the company’s revenue saw a significant increase during the second fiscal quarter. He attributed this achievement to Apple’s growing popularity in emerging markets such as India.
In a statement Cook said that the company has seen a record growth for a single quarter, thanks to its growing business in India and other blooming economies. Apple recorded a double digit turnover for the March quarter.
Talking about the company’s March quarter Cook said, “Looking at the business in India, we did set a quarterly record, grew very strong, double digits year-over-year. So it was quite a good quarter for us, taking a step back, India is an incredibly exciting market. It’s a major focus for us.”
Cook added that India is an exciting place for Apple and that Apple will continue to focus on establishing deep roots in India. Apple is planning to divert its focus from its China market and invest in India with the ultimate goal of making India an even bigger market than China.
Apple also saw significant growth in other regions such as Brazil, Middle East, Latin America, and Indonesia.
Tim Cook praised India as being one of the major reasons behind the company’s growth
Apple first came out with its online store in India 3 years ago, and last month saw the opening of the first two Apple retail stores in India. The two retail stores are located in Delhi and Mumbai.
Cook came to India last month for the opening of the two Apple retail stores in Delhi and Mumbai. In India, he met the “highly qualified” employees of the new Apple store. Cook also had a meeting with the Indian Prime Minister Narender Modi.
The company is really looking forward to manufacturing more and more in India as time goes on. Cook went on to call India an exciting place to be for major tech companies around the world.
The world is currently seeing a general downfall in the smartphone market, but Apple has come out to report that it has been hugely profitable for the March quarter with a revenue of $94.8 billion.
Apart from India, Apple also reached an all time high record for its services and its flagship product iPhone in growing markets of Mexico, Indonesia, the Philippines, Saudi Arabia, Turkey, the UAE, Brazil, and Malaysia.
