Apple sees two-digit growth in India mart

New Delhi, May 3: Apple grew at a strong doubledigit rate in India, hitting a new March quarter revenue record in an “incredibly exciting market”, even though the tech titan’s overall quarterly revenue declined 4 per cent.

Apple’s India showing earned praise from chief executive officer Tim Cook who described the market here as a “major focus” and said Apple is working on the entire ecosystem from developer to the market to operations. The top honcho said he is “very pleased” with the growth numbers.

“We did grow strong double-digit (in India). And so we were very, very pleased about it. It was a new March quarter revenue record for us. As you know, as I’ve said before, I see it as an incredibly exciting market and it's a major focus for us,” he said in India specific callouts during the company’s Q2 earnings.

Cook further added, “In terms of the operational side or supply chain side, we are producing there;

ANNOUNCING THE results for second quarter ended March, Apple said it posted a quarterly revenue of $90.8 billion, down 4 per cent year-on-year.

from a pragmatic point of view, you need to produce there to be competitive.”

“We just opened a couple of stores as last year, and we see enormous opportunity there,” he said.

“And we've been very pleased that there is a rapidly-growing base of developers there. And so, we're working all of the entire ecosystem from developer to the market to operations, the whole thing. And I just -- I could not be more excited and enthusiastic about it,” he said.

“And we’re working with partners in India and the US to replenish 100 per cent of the water we use in places that need it most, with the goal of delivering billions of gallons of water benefits over the next two decades,” Cook said.

Announcing the results for second quarter ended March, Apple said it posted a quarterly revenue of $90.8 billion, down 4 per cent year-on-year.

For the fiscal’s second quarter, iPhone sales fell about 10.4 per cent to $45.9 billion.