India an ‘incredibly exciting market’ for Apple
APPLE CEO Tim Cook on Friday (3) said that in India it has posted a record growth in the March quarter, and termed it as an ‘incredibly exciting market’.
Describing India market as a ‘major focus’, Cook said Apple is working on the entire ecosystem from developer to the market to operations, and that 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 call-outs during the tech titan’s Q2 earnings.
Cook further added: ‘In terms of the operational side or supply chain side, we are producing there; from a pragmatic point of view, you need to produce there to be competitive.’
The Cupertino-based iPhone maker has set revenue records in more than a dozen countries and regions. These include, among others, March quarter records in India, Latin America and the Middle East, as well as Canada, Spain, and Turkey.
On Apple’s India report card, Cook said the company has both operational things going on and go-to-market, alongside various initiatives.
‘We just opened a couple of stores as last year, and we see enormous opportunity there,’ he said.
Apple continues to expand its channels, and is also working on the developer ecosystem.
‘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 could not be more excited and enthusiastic about it,’ he said.
Cook added that Apple is working with partners in India and the US to replenish 100 per cent of the water they use, with the goal of delivering billions of gallons of water benefits over the next two decades.