Apple just can’t get enough of India, and Tim Cook’s latest earnings call announcement is a testament to that.
We’re very optimistic about our future in India, with its very large, young, and tech-savvy population, fast-growing economy, and improving 4G network infrastructureTim Cook, CEO, Apple Inc
Apple has reported its best-ever sales figures in March from India – the third largest smartphone market in the world – clocking double-digit growth in the process.
We set a new March quarter record for India, where revenue grew by strong double digits
Cook and Co are excited about the pace at which the 4G infrastructure has been put into place in India, thanks to the likes of Reliance Jio. “And so we believe, particularly now that the 4G infrastructure is going in the country and is continuing to be expanded, that there is a huge opportunity for Apple there,” Cook was quoted as saying.
Earlier this year, the tech giant launched its first App Accelerator in India. A mapping centre is also in the works. The tech giant is expected to start assembling iPhone SE at Bengaluru plant soon, although there is no official confirmation on this development.
With an income of $11 billion for the second quarter, 65 percent of Apple’s revenue has come from international sales
Also Read: Apple to Make in India: iPhone SE to be Assembled at Bengaluru
While Cook’s announcement highlighted the importance the Indian market holds for the company, the tech giant – yet again – chose to remain vague about their plans for India, revealing only that Apple planned to invest a “lot of energy” in the country.
Apple is banking on the iPhone 8 in 2017, and after looking at what Samsung had to offer with the Galaxy S8, they don’t have much of an option but to match up to the competition.
(With PTI inputs)
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