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Apple Doubles India Sales in 2021

Apple Doubles India Sales in 2021

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 report by Hong Kong-based Counterpoint Technology Market Research, Apple was the highest growing smartphone brand in India during the July-September quarter with 212% year-on-year growth and led the premium smartphone market (handsets priced above $400) with a 44% share.
Picture of PM Modi and Tim Cook

Additionally, Apple maintained its leading position in the Indian ultra-premium segment (handsets priced above $600) with a 74% share. Strong demand for the iPhone 12 and iPhone 11 were the major factors in Apple’s growth.

The company follows the October-September fiscal year globally. Cook added that global supplies remained a challenge for Apple on back of very high demand. And for this quarter (October – December), he thinks that the primary cause of supply-chain-related shortages will be the chip shortage.

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