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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 revealed throughout an earnings name on Wednesday. The 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 % year-over-year. The launch of the iPhone 12 sequence has considerably helped Apple generate the document income, with its lively 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 direction of establishing offline shops.

While 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 govt, nevertheless, highlighted the scope for additional development within the nation.

“India is one of those where our share is quite low,” mentioned Cook whereas answering a query from an analyst, with out offering any particular information. “It did improve from the year-ago quarter. Our business roughly doubled over that period of time. And so we feel very good about the trajectory.”

Apple marked 93 percent year-over-year growth in India in 2020, in keeping with analyst agency Counterpoint. The firm additionally doubled its smartphone market share within the nation to just about 4 % within the quarter that resulted in December, analysis agency CyberMedia Research reported just lately.

In September, Apple launched its online store within the nation to start out promoting its merchandise natively. Cook said that the final quarter was the complete first quarter of the web retailer and it acquired a “great reaction” from Indian customers that helped obtain its quarterly development.

“We are also going in there with retail stores in the future and so we look to that to be another great initiative, and we continue to develop the channel as well,” mentioned Cook — 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 units a 12 months in the past. Among different units, the corporate has an put in base of over a billion iPhone units. This reveals an increment from the over 900 million put in base of iPhone units it reported in 2019.

In addition to the expansion of the iPhone, Apple has seen the iPad and Mac rising 41 % and 21 % year-over-year, respectively, within the December quarter. This was largely owing to the pandemic that pushed plenty to work and research from residence.

“We saw strong double-digit growth across every product category, and we achieved all-time revenue records in each of our geographic segments,” Cook mentioned.


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