During Apple’s quarterly earnings call, CEO Tim Cook said, "During fiscal 2021, we earned nearly one-third of our revenue from emerging markets and doubled our business in India and Vietnam. We are optimistic about the future, especially as we see strong demand for our new products." According to the latest...
Apple India Sales Almost Doubled in Q4
Apple India saw sales grow by 93% during the October-December quarter against the same period a year ago, as restrictions on international flights prevented frequent fliers from buying the devices abroad at lower prices. This was the highest growth in sales recorded by Apple in India but not cause for...
Apple's India Profit Increases 140 Percent for 2018
According to regulatory documents filed by the company, at $137 million Apple’s India unit registered a 140 percent jump in its net profit for the fiscal ended March 2018. For the previous year, Apple India had registered a net profit of $50 million. During the company’s earnings call in July,...
iPhone Assembler to Expand Operations in India
With Apple's earnings in India doubling year-on-year, Taiwanese manufacturer Wistron, primary iPhone assembler in India, is scouting for 100 acres of land in Bangalore to expand its facilities. Though Apple is currently a minor player in India, its potential is huge. CEO Tim Cook said on the earnings call in early...
Apple India Records 18% Growth in Second Quarter
Apple reported over $45 billion in revenue and $8.7 billion in profit for the second quarter. CEO Tim Cook declared, "We are investing in India. We have already launched an app accelerator center. That's on top of working with the channel and looking at expanding our go-to-market in general. And...
Apple Sets New March Quarter Record for India
"We set a new March quarter record for India, where revenue grew by strong double digits," Apple CEO Tim Cook said in his opening remarks as part of the earnings call. Chief Financial Officer Luca Maestri quantified the “strong double-digit” growth for India — over 20 percent. Growth in India...